\u0026 # x27; Decline Wall Street keeps on \u0026 # x27;

new york - Stock exchanges in New York are expected to start losses on Friday. With that, the price fall of Thursday will be followed up further. The reason for the decline is the impending trade war between China and the United States. US President Trump announced Thursday additional import duties against the Asian superpower, which makes investors nervous.

Trump wants to import another 60 billion dollars in import duties on Chinese products. In addition, for the import of steel and aluminum from Friday onwards, rates of 25 and 10 percent respectively apply. For example, the European Union is provisionally exempted from the steel levies. China has announced that it will come up with countermeasures.

The exception position for the European Union, among other things, put pressure on the prices of steel companies in the US on Thursday. Facebook will also continue to focus attention on itself. The problems at Facebook also depressed the prices of other tech companies.

Chipmaker Micron Technology came up with better than expected results. However, Citigroup analysts pointed to the deterioration of price developments in memory chips. The company stands for a lower opening.

Trade representative Qualcomm announced that it would extend the tender period for the acquisition of the Dutch NXP again. The registration period has already been postponed several times. Shareholders will now have the opportunity to enter the offer of a total of some 44 billion dollars until 2 April.

The share of sports goods manufacturer Nike may benefit from better than expected results in recent months. Nike increased revenue thanks to more sales outside of North America. The brand did particularly well in China. Tax changes resulted in a shortfall of $ 921 million.

Furthermore, the eyes will be focused on Dropbox. The cloud storage service makes its debut at the Nasdaq technology fair.

The stock exchanges in New York ended Thursday with substantial losses. The Dow-Jones index closed 2.9 percent lower on Thursday. That decrease of 724 points led to a final score of 23. 957.89 points. The broad S \u0026 P 500 fell 2.5 percent to 2643.69 points and the Nashaq technology counselor dropped 2.4 percent to 7166.68 points.