2026-04-03 21:09:03

Stock Market

American exchanges closed Thursday mixed: Dow Jones slightly decreased by 0.13% to 46,504.67 points, S&P 500 rose by 0.11% to 6,582.69 points, Nasdaq gained 0.18% to 21,879.18 points. Under the influence of geopolitical tensions in the Middle East and a surge in oil prices, the market opened lower but strengthened thanks to diplomatic signals — Iran and Oman preparing a protocol for passage through the Strait of Hormuz, as well as the UK’s statements about international discussions to resolve the issue, which eased supply concerns and stabilized investor sentiment. All three major indices showed their largest weekly gains in four months this week, marking the first weekly increase in six weeks: S&P 500 up 3.36%, Nasdaq up 4.44%, Dow Jones up 2.96%. Among sectors, utility and real estate stocks performed best, while the non-food sector declined due to Tesla’s supply drop to its weakest quarter in a year and a 5.4% drop in the company’s shares. Additionally, Blue Owl set a limit on fund buybacks from retail funds, causing tension in the private credit market. Market attention is also focused on SpaceX’s secret IPO application and employment data outside agriculture on Friday. Ahead of the holiday weekend for Good Friday, the VIX index fell to 23.87 points.

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Ivan623

2026-04-03 20:48:05

According to the APP "Golden Shape" report, U.S. President Trump signed a statement on Thursday aimed at adjusting national tariffs for security reasons on the import of steel, aluminum, and copper (Section 232 tariffs). This adjustment is intended to lower tariff rates on derivative metals, simplify declaration procedures, and prevent undervaluation of import values.

The statement says that the U.S. will maintain a 50% tariff on imports of such bulk goods as steel, aluminum, and copper, but now this rate will be applied to the price paid by American consumers. The main changes concern derivative products, where a threshold metal content is introduced for more accurate duty assessment.

Details of the new rules
Under the new rules, if the steel, aluminum, or copper content in a derivative product by weight is less than 15%, the U.S. will cancel the previously applicable 50% tariff, effectively exempting such goods from duties. This measure is intended to exempt products with very low metal content, such as perfume bottles with aluminum caps or dental floss boxes with miniature steel blades.

For derivative products with metal content exceeding 15%, a reduced tariff rate of 25% will be applied, but this rate will be calculated based on the total value of the imported product, not just the metal content. Thus, for products like washing machines or gas stoves, where steel is a main component, the duty will be 25% of the total value.

Meanwhile, bulk goods made of steel, aluminum, and copper will retain a high 50% duty, calculated on the entire sale price. According to officials, these measures could generate additional revenue from tariffs and also simplify customs declaration, eliminating opportunities to evade tariffs by undervaluing metal content.

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