{"id":277473,"date":"2025-07-27T13:38:09","date_gmt":"2025-07-27T13:38:09","guid":{"rendered":"https:\/\/www.europesays.com\/fr\/277473\/"},"modified":"2025-07-27T13:38:09","modified_gmt":"2025-07-27T13:38:09","slug":"pourquoi-la-guerre-commerciale-neffraie-plus-wall-street","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/fr\/277473\/","title":{"rendered":"Pourquoi la guerre commerciale n\u2019effraie plus Wall Street"},"content":{"rendered":"<p>Apr\u00e8s le choc du \u00ab\u00a0liberation day\u00a0\u00bb, les march\u00e9s sont rassur\u00e9s par la relative r\u00e9silience, jusqu\u2019\u00e0 pr\u00e9sent, de l\u2019\u00e9conomie am\u00e9ricaine. L\u2019impact sur l\u2019inflation et la croissance reste mod\u00e9r\u00e9.<\/p>\n<p class=\"fig-paragraph\">La peur avait saisi les march\u00e9s d\u00e9but avril, \u00e0 l\u2019annonce par Donald Trump du \u00ab\u00a0liberation day\u00a0\u00bb assorti de droits de douane tr\u00e8s \u00e9lev\u00e9s. Depuis, les march\u00e9s se sont repris. Les rendements obligataires se sont stabilis\u00e9s. Le taux \u00e0 dix ans du Tr\u00e9sor am\u00e9ricain, apr\u00e8s s\u2019\u00eatre envol\u00e9 de 3,99\u00a0% le 4\u00a0avril \u00e0 4,5\u00a0% sept jours plus tard, est retomb\u00e9 \u00e0 4,386\u00a0%. Les grands indices boursiers, eux, sont repartis en fl\u00e8che, enregistrant plusieurs records d\u2019affil\u00e9e. Depuis le creux de d\u00e9but avril, le Nasdaq s\u2019est offert quelque 20\u00a0% de hausse, tandis que l\u2019indice S&amp;P\u00a0500 a rebondi de pr\u00e8s de 8\u00a0%. Wall Street semble ne plus redouter la guerre commerciale. Comment expliquer ce revirement\u00a0?<\/p>\n<p class=\"fig-paragraph\">Sous le choc des\u00a0<a href=\"http:\/\/www.lefigaro.fr\/conjoncture\/dossier\/droits-de-douane-americains-notre-dossier-pour-tout-comprendre\" data-fig-type=\"Topic\" data-gtm-custom-categorie=\"navigation\" data-gtm-custom-action=\"crossclick\" data-gtm-custom-label=\"Contextuel\" data-gtm-event=\"customEventSPE\" data-fig-domain=\"LEFIGARO\" rel=\"nofollow noopener\" target=\"_blank\">droits de douane\u00a0<\/a>d\u2019un minimum de 10\u00a0% pour tous les pays, avec des pointes \u00e0 34\u00a0% pour la Chine, 46\u00a0% pour le Vietnam, 26\u00a0% pour la Cor\u00e9e, les grands fonds, qui dominent la liquidit\u00e9 sur les march\u00e9s, ont d\u2019abord vendu massivement. L\u2019impact a d\u2019autant plus \u00e9t\u00e9 marqu\u00e9 qu\u2019ils d\u00e9tenaient beaucoup\u2026<\/p>\n<p class=\"fig-premium-paywall__infos\">\n        Cet article est r\u00e9serv\u00e9 aux abonn\u00e9s.        Il vous reste 84% \u00e0 d\u00e9couvrir.\n    <\/p>\n<p>                <img  data- alt=\"Le Figaro\" class=\"fig-img--complete fig-img\"\/><\/p>\n<p class=\"fig-premium-paywall__title\">Vous avez envie de lire la suite ?<\/p>\n<p class=\"fig-premium-paywall__subtitle\">D\u00e9bloquez tous les articles imm\u00e9diatement.<\/p>\n<p class=\"fig-premium-paywall__connect\">\n                D\u00e9j\u00e0 abonn\u00e9\u00a0?                <a class=\"fig-premium-paywall__connect-link\" href=\"https:\/\/connect.lefigaro.fr\/login?client=horizon_web&amp;type=main&amp;redirect_uri=https%3A%2F%2Fwww.lefigaro.fr%2Fconjoncture%2Fpourquoi-la-guerre-commerciale-n-effraie-plus-wall-street-20250727\" data-js-gtm=\"{&quot;customCategorie&quot;: &quot;conversion&quot;, &quot;customAction&quot;: &quot;before_Landing_Connexion_paywall_auto&quot;, &quot;customLabel&quot;: &quot;bGVmaWdhcm8uZnJfXzFmMDY5MjE4LWQwZGQtNjBjYy04ZDBjLTM3YjlhZWZkNzc2Y19fQXJ0aWNsZQ==_Pourquoi la guerre commerciale n\u2019effraie plus Wall Street_309&quot;, &quot;customIDSPE&quot;: &quot;bGVmaWdhcm8uZnJfXzFmMDY5MjE4LWQwZGQtNjBjYy04ZDBjLTM3YjlhZWZkNzc2Y19fQXJ0aWNsZQ==&quot;, &quot;event&quot;: &quot;customEventSPE&quot;}\" rel=\"nofollow noopener\" target=\"_blank\"><br \/>\n                    Connectez-vous<br \/>\n                <\/a>\n            <\/p>\n","protected":false},"excerpt":{"rendered":"Apr\u00e8s le choc du \u00ab\u00a0liberation day\u00a0\u00bb, les march\u00e9s sont rassur\u00e9s par la relative r\u00e9silience, jusqu\u2019\u00e0 pr\u00e9sent, de l\u2019\u00e9conomie&hellip;\n","protected":false},"author":2,"featured_media":277474,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1589],"tags":[11,75,73,1866,1074,12,1864,1865,1863,308],"class_list":{"0":"post-277473","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-etats-unis","8":"tag-actualites","9":"tag-donald-trump","10":"tag-etats-unis","11":"tag-etats-unis-damerique","12":"tag-guerre-commerciale","13":"tag-news","14":"tag-united-states","15":"tag-united-states-of-america","16":"tag-us","17":"tag-usa"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@fr\/114925476517109560","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/posts\/277473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/comments?post=277473"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/posts\/277473\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/media\/277474"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/media?parent=277473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/categories?post=277473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/fr\/wp-json\/wp\/v2\/tags?post=277473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}