Reciprocal Tariffs Wiped $10 Trillion from Global Stock Market Value
According to Bloomberg data, Trump’s reciprocal tariff policy has led to huge losses in global capital markets. Since April 3, the total market value of stocks around the world has fallen by $10 trillion. In the US stock market, big tech companies suffered particularly heavy losses; Apple shares fell 23% in four days.
Trump’s Tariffs Officially Go into Effect, Global Trade Declines
As of April 9, reciprocal tariffs imposed by the Trump administration against dozens of countries came into force. With this development, the global trade war is expected to deepen. The S&P 500 index has lost nearly $6 trillion in value since Trump’s announcement.
Senate Vote for SEC Chairman Nominee Paul Atkins Today
As Eleanor Terrett reports, the US Senate will hold an “end of debate” vote on SEC Chairman nominee Paul Atkins today. If the vote is accepted, the formal vote will take place in the evening.
US Trade Representative: Trump Will Not Grant Tariff Exemptions
US Trade Representative Greer stated that President Trump has no plans to grant tariff exemptions to any country anytime soon and has taken a clear stance on this issue.
US Debates Which Countries to Prioritize Tariffs
US Treasury Secretary Scott Bessant told CNBC that the US is holding discussions to determine the countries that the US will prioritize for negotiations. It was stated that Trump will also participate in these negotiations and that the focus will be on countries with large trade deficits.
EU to Announce Countermeasure Plan Against US Tariffs Next Week
EU Commission spokesperson Olof Gill announced that the planned measures in response to Trump’s tariffs will be announced early next week. The EU will then begin consultations with member states and industry representatives.
ESMA: Crypto Market Boom Could Threaten Financial Stability
Natasha Cazenave, director of EU regulator ESMA, said the size of the crypto market could double this year to €3.3 trillion. He warned that this growth could lead to broader risks in the financial system.
CBOE Files Application for Canary SUI ETF
Cboe BZX has filed a 19b-4 application with the SEC to list shares of Canary’s SUI ETF. This is notable as one of the first SUI-based ETF moves.
Bitcoin Spot ETFs Outflows in Fourth Day: $326 Million
On April 8, Bitcoin spot ETFs saw a total outflow of $326 million. BlackRock’s IBIT fund alone was the ETF that suffered the most losses with outflows of $253 million. With these outflows, the total net asset value fell to $85.76 billion.
Ethereum Spot ETFs are also on the Exit: $3.29 Million
Ethereum spot ETFs also saw outflows of $3.29 million as of April 8. The Fidelity FETH fund accounted for all of this outflow, while no net inflows were seen in the other eight funds.
by Darkex Research – 1 min read
