The stocks rise with Trump stopping some customs tariffs
The shares of the United States ascended after US President Donald Trump said he would suspend a sharp tariff on goods from most countries, and instead imposes a 10 % import tax rate.
The White House said it was retracting the high fees of commercial partners who agreed to negotiate, although Trump said that he would raise the customs tariffs on goods from China further, to at least 125 % “immediately effective.”
S&P 500 increased by 9.5 % in the largest gathering for one day since 2008, after days of disturbances raised by the definitions.
Trump’s decision came less than 24 hours after the last round of definitions entered into force, as it struck major commercial partners, such as Vietnam, who witnessed her imports facing a new tax of 46 %.
The duties, which the president announced last week, was higher and more widespread than many in Wall Street.
In the aftermath of the advertisement, the S&P decreased more than 10 % and many analysts warned of the high risk of economic recession in the United States and global.
By Wednesday, Fears had reached the bond marketAs investors began to throw US government bonds.
“Although President Donald Trump was able to resist the sale of the stock market, Once the bond market also begins weakPaul Ashworth, chief economist at Capital Economics, said it was only a matter of time before he fell on a high tariff from the eye.
He said he expected Trump to return to the plan to obtain a 10 % global tariff he called in his campaign, although it warned that it would take some time until the United States and China reached an agreement.
“It is difficult to see any of the two sides that decline in the next few days,” he said. “But we doubt that the conversations will happen in the end, although the full decline in all the additional definitions applied since the opening day appeared is unlikely.”
DOW ended today above 7.8 % and Nasdak rose more than 12 %.
Companies like NIKE, which makes nearly half of their shoes in Vietnam, jumped 11 %, while Apple rose about 15 %.
Despite the gains, the leading indexes in the United States remain less than it was before Trump’s announcement, as the S&P 500 spends about 3 % and more than 8 % for this year.
