Trump reflects the training course on the global definitions, and announces a 90 -day stop

On Wednesday, President Trump reflected a sudden path on the sharp global tariffs that led to the spread of markets, disturbed his party members and raised fears of stagnation. A few hours after putting the punitive fees somewhere in nearly 60 countries, the president said he would stop them for 90 days.

But Mr. Trump did not extend to this stoppage to China, and instead chose to raise the tariffs again on all Chinese imports, which amounts to these taxes to 125 percent. This decision came after Beijing raised his fees on American goods to 84 percent on Wednesday afternoon in a dream that is escalating between the largest economies of the world.

In a publication on the social truth, the president said he authorized a “stop for 90 days” as the two countries face “a large mutual tariff” of 10 percent. As a result, every commercial partner in the United States is now facing a 10 percent blanket tariff, in addition to 25 percent of the customs tariff imposed by Mr. Trump on cars, steel and aluminum.

The retreat markets rapidly increased after the position of Mr. Trump. The S& P 500 has increased several percentage points within minutes and closed with an increase of more than 9 percent, which sharply reflects the days of losses. Wednesday was the best day for S&P 500 since the recovery of the 2008 financial crisis.

Almost all the shares in the indicator rose. Airlines, some technology companies and Tesla were among those companies that rise more than 20 percent. The shares of car manufacturers have increased sharply despite the 25 percent tariffs on the vehicles imported in place. Ford and Granur Motors increased by more than 7 percent.

Mr. Trump, who insisted for several days that he was not concerned about the market leakage, admitted on Wednesday that the recession was fed in his decision.

Mr. Trump said: “During the past few days, it seemed very miserable,” said Mr. Trump. He said: “I thought people were jumping a little outside the line.” “They were getting YipPy. They were a little afraid.”

The change of Mr. Trump in the track came in a sharp sale American government bond markets The dollar, which is usually seen as the safest pillar for investors during turmoil. Big and small investors have seen trillions of market value in stocks within days, and economists have increased urgent warnings that the United States may be interested in stagnation of its making.

On Wednesday, he was asked whether the bond market reaction caught his attention, Mr. Trump said that he noticed at the weekend that the investors were “angry”.

“I was watching the bond market, the bond market is very difficult, but if I look at it now, it is beautiful,” he said.

Ultimately, the 90 -day pause caused an increase in stock prices, prompting the president to a proposal on the sidelines of the White House that the gains may determine a “record”.

Earlier in the day, Mr. Trump told the Americans to “be cold!” And soon I followed a post saying, “This is a great time to buy !!!”

This prompted some Democrats to point out that Mr. Trump was deliberately manipulating stock markets. In a hearing in the House of Representatives on Wednesday, many Democrats Jameson Jarir, the American commercial actor, interrogated the president’s goal.

“This is not manipulation of the market,” said Mr. Jarir. “We are trying to reset the global trading system.”

The president announced last week that he would raise the definitions to levels that have not been seen a century ago, a change that he said would make world trade more just even if it caused some “discomfort.” With the strengthening of the markets, Mr. Trump and his advisers insisted that they are committed to maintaining tariffs until other countries reduced their commercial barriers and make other economic changes.

Dozens of foreign countries raced to collect delegations to attract the Trump administration. At the hearing on Wednesday, Mr. Jarir said that he had held meetings on Tuesday with officials from Europe, South Korea, Ecuador and Mexico, as well as talks with countries such as the United Kingdom in recent weeks.

Mr. Jarir said that the Vietnamese officials offered their tariffs on American apples, cherries and ethanol, and brought a paper for a while to a meeting that fills the changes they were ready to conduct. He expected negotiations to lead to “open markets abroad”, creating a “virtuous course” for American manufacturing.

Mr. Jarir criticized the usual way to negotiate commercial deals, describing it as “as you ask others to give you access to the markets and have a dialogue with you for several years, and in the end you do not have more access to the markets.”

“Then there is a Trump method,” he added.

As the session approached its end, Mr. Trump sent his position as a temporary stop, who took the surprise and entered the room.

“This is the amateur watch,” Stephen Horford, Democrat in Nevada, shouted. “It seems that your boss has pulled the carpet from under you.”

But while Mr. Trump reduced the customs tariff for most countries in the world, at least until July 9, the events of the punitive tariff in China left the second largest US import source last year.

China makes the largest part of the world mobile phones, computers, games and many other products. When these elements are brought to the United States, the importers – most of them from American companies – are expected to pay more than the cost of the same element in the fees to the government.

Beijing and Washington participated in a conflict that has dreamed of since Mr. Trump returned to the White House. The President cleared China as an economic institution, whose entry into the World Trade Organization dismantled workers and societies throughout the United States. While China has become a manufacturing force, many American industries have benefited from reaching the Chinese market.

When he was asked on Wednesday if he was expected to continue raising the fees on China, Mr. Trump said no, and indicated that he was waiting for a call from the leader of China, Xi Jinping, so that the two could reach an agreement.

“China wants to hold a deal,” he said. “They do not fully know how to do this.”

Last week, after Mr. Trump imposed a 34 percent tariff on China, Beijing responded to an equal imposition. Then, Mr. Trump added an additional tariff of 50 percent, which China agrees with a 50 percent imposition on its own.

The Ministry of Commerce announced separately on Wednesday that it places export controls on 12 American companies and added six other American companies to the list of “unreliable entities”, which means that they will mostly prevent the practice of business in China or with Chinese companies.

Mr. Trump’s advisers soon tried to revolve to remove most of the definitions worldwide as a victory, not a surrender. Mr. Pesin said that customs duties have obtained some of the closest Chinese neighbors such as Vietnam and Cambodia to search for deals with the United States.

On Wednesday afternoon, the president told the correspondents that he might consider exempting some American companies from definitions, in addition to a 90 -day stop. He said that his decision on this would make “instinctive”.

Reports previously contributed Tallon Joseph Smithand Colbey Smithand Joe Renisonand Robert Jimsonand Keith Bradcher and Rappeport in this field.