On Wall Street, indices affected by information on tariffs


Wall Street indices suddenly fell back Tuesday during a session after an article by the Bloomberg agency saying that the US administration would probably leave in place the current tariffs on Chinese goods until the presidential election.

The Dow Jones Industrial Average, which had been moving quietly in the green since the first part of the session, fell briefly into the red after the Bloomberg dispatch, yielding up to 0.06%. The Nasdaq and the S&P 500 also lost ground and were still showing a decline around 19:35 GMT.

According to agency sources, the partial trade agreement to be signed on Wednesday by US and Chinese officials provides that the United States will not verify for at least ten months that China is honoring its commitments.

Washington will then be able to decide whether or not to lift the punitive tariffs on around 360 billion dollars of Chinese products that the administration has gradually implemented since the start of the trade war in 2018.

The Trump administration had given up on imposing new tariffs on China in December and halved those imposed on September 1 on $ 120 billion in Chinese goods.

The markets hoped, however, that with the partial trade agreement, the easing of tensions between the two parties could eventually lead to a more pronounced lowering of customs taxes.



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