DOW 2200 points and Nasdaq are disrupted in the Bear Market area, where stocks extend over sales after Powell indicates that there are no imminent price cuts

• The stock market continued its collapse on Friday When the Nasdaq Stock Exchange fell in the bear market amid the repercussions of President “Tahrir’s Day” for President Donald Trump. China is compatible with the United States by imposing 34 % of revenge definitions on American imports. In the midst of the market turmoil, Trump Jerome Powell called for reducing interest rates, but the Federal Reserve Chairman eased his hopes of imminent reduction.

The stock market has continued to decline on Friday after the worst day of the sale since 2020 after Thursday after it raised the “Tahrir Day” tariff for President Donald Trump’s fear of a global trade war that could lead the United States to recession.

The Dow Jones industrial average has collapsed by 5.5 %, 2,231 points lost, after 1,679.39 points Thursday.

The S& P 500 6 % sank on Friday, and the Nasdaq Stock Exchange fell by 5.8 %, as the heavy technology index sent more than 20 % less than its highest level in the bear area.

On Thursday night, Jpmorgan raised the recession from 40 % to 60 % after the latest Trump tariff.

While investors seek bond security, the cabinet returned for 10 years for a short period to less than 4 % on Friday, near its lowest levels since September, before it reaches 4.015 %.

Early on Friday, Beijing announced that it will be discussed against Trump’s tariff by 34 % on imports from China by imposing matching fees on American imports. In addition, China has added many companies to “Understanding entities list“Which addresses foreign entities that violated market bases or contractual obligations. China has also opened a monopoly in Dubont, causing its shares to decrease by 12 %.

Trump stood firmly on his aggressive duties, saying that “his policies will never change” in A. Social truth mail.

In another post Social truthTrump demanded that the Federal Reserve Chairman Jerome Powell demanded less interest rates and “stop playing politics.”

But Powell warned on Friday that a overwhelming customs tariff can push inflation up, and there are high -chilling hopes that interest rates will decrease soon.

He said at a commercial press conference in Washington, DC, “The high definitions will work on its way through the economy and are likely to raise inflation in the coming quarters.”

Powell added that the Trump tariff was “much larger than expected.” While he pointed out that the economy is currently in good health, citing positively Junction Report It was released on Friday, and said that the uncertainty of Trump’s huge duties makes consumers and companies nervous, forcing the federal reserve over a decade period.

“We are in a good position to wait for greater clarity before looking at any adjustments to our position on politics,” said Powell. “It is too early to say what will be the right path for monetary policy.”

This story was originally shown on Fortune.com