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US stocks soar as Donald Trump backs down in global trade war

Donald Trump amazed global investors on Wednesday when he announced a 90 -day stand in an additional tariff for countries that were ready to negotiate with the United States, which led to shares retreated with the president’s retreat from a full trade war.

Wall Street stocks It rose immediately after Trump’s announcement, as the S&P 500 Blue Chip closed 4.5 percent and the Nasdaq boat was more than 12 percent. This has been the best day for the S&P 500 since 2008 and the strongest on the Nasdaq Stock Exchange since 2001.

The massive gathering in stocks added about $ 4.3 trillion to the market value of the S&P 500, according to the Financial Times accounts based on FactSet data. The gains have reflected some severe losses for American stocks since Trump announced his wide definitions a week ago.

However, the President devoted China to more DefinitionsAnd increasing his additional fees on the second largest economy in the world to 125 percent, deepening the confrontation of trade with the Asian nation. A 10 percent blanket tax on most imports from all over the world is still valid.

“Based on the fact that more than 75 countries have contacted it … to negotiate a solution … and that these countries were not, based on my strong proposal, I took revenge in any way, shape, or shape against the United States, and they allowed a temporary stop for 90 days, and greatly less than that, immediately in this period 10 %, also effective immediately.”

Trump added that China showed “disrespect” through revenge on the American definitions. “I am raising the tariff that the United States of America followed to China to 125 %, and effectively.”

A line of re -rared line shows that Trump's tariff sends us higher zooming shares

The amazing rise from the American leader came a week after the turmoil in global markets, as the trillion dollars in stock prices decreased around the world, a sharp operation in American bonds, and the collapse of oil prices to the last time during the Korona virus.

“This is Trump’s surrender to the markets,” said Andy Brender at Natalliance Securities. “He saved the face by maintaining definitions on China.”

A heavy sale of US government debts and rocks of the global financial system abandoned the rotation of Trump and the treasury auction, which referred to a strong international demand. The return for 10 years, which rose to 0.24 degrees Celsius on Wednesday, ended on New York, an increase of 0.08 degrees Celsius to 4.35 percent.

The companies that were beaten in recent days also recorded huge gains on Wednesday. Apple, Nvidia, Microsoft, Amazon, Meta and Tesla all jumped at least 10 percent after Trump’s announcement.

“The world is ready” to work with Trump to “reform global trade”, but he rejected China as “choosing the opposite direction.”

Lootnick added to X that he and Treasury Secretary Scott Besin “sat with the president while he wrote one of the most unusual truths of his presidency.”

Later on Wednesday, Trump looked acknowledging some fear in the markets raised by his trade war.

“Well, I believed that people were jumping a little outside the line. They were getting Yipi, as you know, they were getting. … they were a little afraid,” he told reporters.

He said that the market gathering on Wednesday after Trump retreated from many customs tariffs that made it “the largest day in financial history.”

Wall Street Banks has warned that the drawings would send the American economy to recession while enhancing inflation and unemployment.

Before the Trump shock announced on Wednesday, Goldman Sachs expected a stagnation in the American economy caused by the president’s trade war. After a little more than two hours, the bank canceled its prediction.

However, investors and economists have warned that the remaining definitions will affect growth and raise prices.

“Stopping mutual tariffs, with the exception of China, does not mean that the American economy may avoid slowing growth and high inflation,” said Citigram. “The uncertainty about trade will continue and the unseen imports may rise now, which praises growth in the second quarter.”

Trump climbing at some point is expected to be multiple parallel trade negotiations between the United States and its most important trade partners in the coming weeks to try to solve trade tensions.

Pisint announced on Tuesday that he would lead talks with Japan, along with the best Trump negotiator, Jamieson Greer, in an attempt to conclude a deal that could lead to low tariffs.

The move came days after the mixed messages from Trump administration officials about the accuracy of the definitions and whether the United States is open to talks with its commercial partners in order to reduce them.

Jarir was submitting a certificate in front of a committee, methods of actors and their means when Trump announced his suspension.

“Wtf, who is responsible?” Stephen Horford, a democratic legislator of Nevada, shouted at Jarir moments after Trump announced his suspension.

Horford Jarir asked if he realized that the president had stopped being fought. Jarir replied that he was aware that the proposal was “under discussion.”

Additional reports by Steve Chavez in Washington

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2025-04-09 21:42:00

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