Commodities, Business & Shipping (and Tariffs)

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Dow nosedives 1,600 points, S&P 500 and Nasdaq drop the most since 2020 after Trump’s tariff onslaught​

Stocks plummeted Thursday, sending the S&P 500 back into correction territory for its biggest one-day loss since 2020, after President Donald Trump unveiled sweeping tariffs, raising the risk of a global trade war that plunges the economy into a recession.

The broad market index dropped 4.84% and settled at 5,396.52, posting its worst day since June 2020. The Dow Jones Industrial Average tumbled 1,679.39 points, or 3.98%, to close at 40,545.93 and mark its worst session since June 2020. The Nasdaq Composite plummeted 5.97% and ended at 16,550.61, registering its biggest decline since March 2020. The slide across equities was broad, with more than 400 of the S&P 500′s constituents posting losses.

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Fearnleys Week 14

www.drewry.co.uk

World Container Index - 03 Apr

03 Apr 2025: Drewry’s World Container Index increased 2% to $2,208 per 40ft container this week.
www.drewry.co.uk www.drewry.co.uk

Baltic Exchange Dry Index - Price - Chart - Historical Data - News

Baltic Dry increased 543 points or 54.46% since the beginning of 2025, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Baltic Exchange Dry Index - values, historical data, forecasts and news - updated on April of 2025.
tradingeconomics.com tradingeconomics.com
 

Trump tariffs push Canada, Europe to America-proof their economies​

The world economic order is shifting beneath our feet, as historic allies look to America-proof their economies. President Trump's latest tariff announcement will accelerate the shift.

Why it matters: Global leaders and corporate executives alike are trying to figure out how to rejigger their economies to be less reliant on the U.S. in the longer run, even as they contemplate near-term retaliatory measures in hopes of lessening the tariff pain.

  • Any economic delinking won't happen overnight. But the sense in Canada, Europe, and beyond is that their relationship with the U.S. has irreparably changed for the worse.
What they're saying: "Investors will be shocked how much things are going to move away from the US in standards, networks, and infrastructure — as well as services — in coming years," said Adam Posen, the president of the Peterson Institute for International Economics and a former Bank of England official.

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https://www.msn.com/en-us/money/mar...S&cvid=48b7ba5791db48bb8cafdcd53a6dc9a2&ei=34

Warren Zevon
 

How China Came to Dominate Global Shipbuilding​

Apr 4, 2025
Donald Trump says he wants to use big fees on Chinese ships to reboot US shipbuilding. Experts warn the move likely won’t work and instead would raise prices for consumers and damage the US economy.

China will produce more than half of the world’s new ships this year, compared to 5% in 2000, while the US barely makes any at all. So how did China become so dominant, and could the US ever catch up? Or is the proposal intended as just another negotiating tactic in Trump’s global trade war?


10:37
 

Dow futures drop more than 600 points after China retaliates with tariffs on U.S. goods: Live updates​

Stock futures slid Friday after China imposed new tariffs on U.S. goods in retaliation to the levies imposed by the White House earlier this week.

Futures tied to the blue-chip Dow Jones Industrial Average lost 679 points, or 1.7%. S&P 500 futures lost 1.6%, and Nasdaq 100 futures dropped 1.8%.

Thursday night’s action follows the worst day since 2020 for each of the three major indexes. The Dow and S&P 500 dropped roughly 4% and 4.8%, respectively, while the technology-heavy Nasdaq Composite plunged nearly 6%.

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Wharton's Jeremy Siegel on Trump tariffs: This is the biggest policy mistake in 95 years​

Apr 4, 2025

Jeremy Siegel, professor emeritus of finance at University of Pennsylvania’s Wharton School of Business and Wisdom Tree chief economist, joins 'Squawk Box' to discuss the fallout from President Trump's sweeping new tariff policy, what investors should do with their portfolios, impact of retaliatory tariffs, why having a trade deficit isn't a bad thing, and more.


7:10
 
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