Wall Street opens lower after Trump's remarks against China

NEW YORK, New York.- Wall Street opened in negative territory on Friday after US President Donald Trump accused China of violating the trade agreement to lower the high tariffs imposed by Washington.

Ten minutes after the bell rang, the Nasdaq technology index fell 0.59% to 19,063 points; the S&P 500 index also fell 0.39% to 5,888 points; and the Dow Jones Industrial Average fell 0.25% to 42,108 points.

According to the US president's post on Truth Social, thanks to this trade agreement between the two countries, Beijing had been saved "from a very bad situation," although he did not specify the conditions under which China would have violated this agreement.

The two economic powers agreed to a truce in their tariff war two weeks ago, with US tariffs on Chinese goods reduced from 145% to 30%, while Beijing reduced its tariffs on Washington from 125% to 10%.

Meanwhile, tariff uncertainty continues, as an appeals court lifted the blockade ordered the day before by another federal court on a large portion of the tariffs imposed by Trump on his trading partners.

Faced with this blockage, stock markets welcomed the federal court's decision the day before, finding that Trump was exceeding his powers.

Yesterday's ruling, reversing this decision, puts on hold "until further notice" the ruling by the International Trade Court—which this Wednesday halted the global tariffs announced on April 2 and other previous ones against Canada, Mexico, and China—while the judges review the appeal motions filed by the government.

At the start of this day, data on the personal consumption expenditures (PCE) price index in the US were also released, which closed April with a year-on-year increase of 2.1%, a figure slightly lower than the 2.3% in March, according to the Bureau of Economic Statistics (BEA).

Get details and charts on people's income, spending, and saving in April: https://t.co/eDZgP9dcXM pic.twitter.com/Tmh8a8QZwA

— BEA News (@BEA_News) May 30, 2025

The new indicator fell below market expectations, marking the first report of its kind to reflect economic results following the implementation of tariffs. Analysts believe these figures could be another sign that, while a surge in price increases is expected due to these policies, this inflationary impact is not yet reflected in concrete economic data.

Among the 30 Dow Jones listed companies, the gains were led by Coca-Cola (0.66%), Walmart (0.57%) and McDonald's (0.47%), and the biggest losses were Nike (-1.37%), Boeing (-1.36%) and Nvidia (-0.98%).

At this time, Texas oil was down 0.49% to $60.64 a barrel.

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