US President Donald Trump intends to impose duties on Chinese goods from November 1 in the amount of 100% on top of the duties that are in effect now. He announced this in the Truth Social network.

Trump announced additional duties of 100% on imports from China

Tesla, Inc.

Advanced Micro Devices, Inc.

NVIDIA Corporation

More than 420 stocks in the S&amp;P 500 index fell in price Friday, the worst since April

Worst day since April: Trump's threats against China sparked a stock market sell-off

In trading on Oct. 10, the main U.S. stock index, the S&amp;P 500, was down 2% at the moment, the Dow Jones Industrial was down 1.3% and the Nasdaq Composite was losing about 2.5%. The "Magnificent Seven" stock index tracked by Bloomberg lost about 2.3%, and the VIX volatility index, known as a gauge of Wall Street fear, soared 35% to above 22 points. A level above 20 points is considered psychologically important for the VIX: a value less than that suggests low volatility.

U.S. indexes fell the most since April. Trump's threats took traders by surprise

MP Materials Corp.

USA Rare Earth, Inc.

Energy Fuels Inc.

Shares of rare earth metals companies soared on Friday, October 10. MP Materials rose 15%, USA Rare Earth 19%, NioCorp Developments almost 14%, and uranium producer Energy Fuels more than 10%.

Rare earth stocks soar after Trump threatens China with higher tariffs

Among those offering customers such deals is the former company of the U.S. Secretary of Commerce

Wall Street bets on Trump's repeal of duties: funds are buying up rights to reimburse fees

The European Union is planning to raise duties on steel imports to 50%, Bloomberg news agency, which has seen the draft proposal, <a href="https://www.bloomberg.com/news/articles/2025-10-02/eu-to-propose-doubling-tariff-rate-on-steel-imports-to-50?srnd=homepage-europe">reported</a>. The move would equalize the EU rate with duties in the United States.

Bloomberg: EU intends to double duties on steel imports - up to 50%

Merck & Co., Inc.

Pfizer Inc.

Pfizer received a three-year reprieve from 100 percent duties on drug imports in exchange for lower prices

Pfizer struck a price deal with the White House. Shares soared 6%

Electronic Arts Inc.

Robinhood Markets, Inc.

Donald Trump announced new duties on wood, furniture, pharmaceuticals and movies. OpenAI is booming revenue growth - $4.3 billion for the first half of 2025 - but is spending billions on AI development. In the U.S., Wealthfront, one of the pioneers of the robo-advisory market, is preparing for an IPO, and was never sold to UBS in 2022. These and other topics - in our review of key events for the morning of September 30.

Highlights for this morning: Trump's duties, OpenAI growth, Wealthfront going public

Warner Bros. Discovery, Inc.

Netflix, Inc.

The Walt Disney Company

The U.S. will impose a 100 percent duty on all movies filmed outside the country, President Donald Trump <a href="https://truthsocial.com/@realDonaldTrump/posts/115287691323395767">wrote</a> Monday, Sept. 29, on his Truth Social media page.

Trump announced a 100% duty on movies produced outside the U.S.

Intel Corporation

Legacy Education Inc.

Organogenesis Holdings Inc.

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.

Morning in New York: the key inflation indicator for the Fed will set the vector for quotations

Novo Nordisk A/S

Roche Holding AG

AstraZeneca PLC

European pharma giants have a chance to avoid prohibitive duties on branded drugs, says JPMorgan Chase

Pharma stocks in Europe reacted weakly to Trump's threats of new duties

Strategy Inc

Meta Platforms, Inc.

Alphabet Inc.

Starbucks Corporation

Donald Trump has imposed stiff duties - 100% on brand-name drugs, 25% on heavy trucks and up to 50% on furniture - as part of a drive to bring manufacturing back to the US. Meta, despite its investment in AI, is discussing using Google's Gemini models to boost its advertising algorithms. Starbucks announced a $1 billion restructuring with the closure of 500 coffee shops and the layoff of 900 employees in an attempt to bring back sales growth. On these and other topics - in our review of key events for the morning of September 26.

Tariffs