Shaft -stit It increased immediately after Trump’s announcement, with the Blue-Cheip S&P 500 increased by 9.5 percent, and the NASDAQ composite increased by more than 12 percent.
A mass promotion in Wall Street has added about $ 4.3tn to the S&P 500 market value, Financial Times said Factset data. The profits helped change the heavy losses for US shares as Trump announced its wide tariffs a week ago.
However Trump also highlighted China for further tariffsIncreasing its additional leisure in the second largest economy in the world to 125 percent, deepening its trade confrontation with the Asian nation.
“Based on the fact that more than 75 countries called … to agree on the decision … And that these countries, on my urgent proposal, did not avenge, in any case, form and form against the US, I paused by 90 days, and during this period mutual tariff, during this period, 10%, also said.
But China demonstrated “lack of respect”, revenge on the tariff in the US, Trump added. “I have raised the tariff that is accused of 125%in China in China.”
Ascending the US leader occurred after a week of upset in the world markets, with trillion dollars that are shed in capital worldwide, a sharp sale in US bonds and falling oil prices to the level that was last observed during the Coronavirus pandemic.
“This is Trump’s surrender to markets,” Andy Breren said at Natalliance Securities. “He saved his face while keeping tariffs for China.”
The secretary of trade Howard Lutnit said that “the world is ready” to work with Trump to “fix global trade”, but rejected China as “chosen opposite direction” because the markets jumped in response to the US president’s announcement on Wednesday.
The secretary of the trade added to X that he and the Minister of Treasury Scott Ino “sat with the president while he wrote one of the most unusual messages of his presidency.”
Later, on Wednesday, Trump seemed to recognize some fears in the markets caused by his trade war.
“Well, I thought people jumped out a little out of line. They got a nippi, you know they got … A little afraid,” he told reporters.
At the market rally on Wednesday after Trump retreated from many tariffs, it made it “the biggest day in financial history,” he said.
Banks Wall -Rate warned that the fees would send the US economy to recession, increasing inflation and unemployment.
Before the Wednesday on Wednesday, Goldman Sachs issued a report in which he predicted a recession in the US economy caused by the president’s trade war. A little over two hours the bank canceled its forecast.
Companies that have been beaten in recent days on Wednesday after Trump’s lift posted huge profits. After Trump’s Tesla, Apple and Nvidia announced more than 14 percent.
“To the extent that the tariffs are not in force, it is good from an economic point of view. To the extent that the trade war becomes only between the US and China, which facilitates the pressure on other countries and the global economy,” Eric Vinograd said at the Alliancestein.
Climbing into the stage of what is expected will be several parallel trading talks between the US and its best trading partners in the coming weeks to try to resolve commercial tensions.
On Tuesday, the infamous announced that it would negotiate with Japan, as well as the leading negotiator Trump Jamison Grir, seeking to conclude a deal that can see the tariffs have dropped.
The move occurred after the days of mixed messages from Trump administration officials about how durable tariffs would be and whether the US was open to negotiations with their trading partners who could see them lowered.
Grir testified to the House of Representatives Committee when Trump announced his pause.
“WTF, who is responsible?” Stephen Horsford, Democratic Legislator from Nevada, shouted at the Grera moments after Trump announced a pause.
Horsford asked Grira if he knew that the president had just stopped his tariffs. Grir replied that he knew that the proposal was “discussed”.
But even when Trump stops his plans for aggressively higher tariff rates in many countries except China, he still supports a 10 percent collection for most imports from around the world, which came into force on April 5.
Additional Stef Chavez report in Washington
https://www.ft.com/__origami/service/image/v2/images/raw/https%3A%2F%2Fd1e00ek4ebabms.cloudfront.net%2Fproduction%2F6c2f8d5f-8ad8-4ccd-aa7e-2040446b7c60.png?source=next-article&fit=scale-down&quality=highest&width=700&dpr=1
2025-04-09 20:02:00
