Wall Street closed in red this Friday due to multiple US tariffs
Internet
Published at: 11/07/2025 09:12 PM
Wall Street , this Friday, July 11, closed in red a week marked by the new tariffs of the President of the United States, Donald Trump, on other countries, in particular those aimed at Canada, his country's second trading partner, and by the record in market capitalization of the technology company Nvidia, the SWI website reported.
He points out that at the end of the session, the Dow Jones of Industrialists fell by 0.63%, to 44,371 units; the selective S&P 500 lost 0.33%, to 6,259 points, and the Nasdaq technology fell by 0.22%, to 20,585 integers.
In the weekly count, the Dow fell 1%, the S&P 500 lost 0.3% and the Nasdaq subtracted a slight 0.08%.
This Thursday, July 10, Trump threatened to impose a 35% tariff on Canada starting on August 1 and stated that he could consider a more benign adjustment if the country helps it stop the flow of fentanyl entering the United States or eliminates its trade or non-trade barriers, which hampered the main indices on Friday.
This week, the Republican's tariff policy, which has announced taxes for a dozen countries, including Japan and South Korea, has been in the spotlight of investors.
In addition to these new tariffs, there is a 50% tax on imports from Brazil in retaliation for the judicial process against former Brazilian President Jair Bolsonaro (2019-2023).
On the other hand, international media mention Interactive Brokers analyst José Torres, who explained that “a new round of tariff threats from President Trump is hampering risk appetite at the end of the week.”
However, market operators are waiting with special attention to several data on the performance of the economy in the United States, such as consumer (CPI) and producer inflation (IPP) figures and a new consumer confidence indicator. All this information will be released next week.
In the bond market, the yield on the 10-year U.S. bond rose sharply to 4.42%, compared to 4.35% at the close of the previous day.
Mazo News Team