The shares are rising to depend on the customs tariff

US President Donald Trump hit the heavy “mutual” tariff button and exchange it at a global rate of 10 % for 90 days. The stocks erupted higher on the news and hit historical numbers. Treasury Secretary Scott Beesen said it was the Trump plan “all the time.”

Evidence does not show that this may be the case with Trump’s tariff. Hours before the president announced his plan, he books On the social truth, “Be wonderful! Everything will work well”, before Adding“This is a great time to buy !!!” These comments indicate that the stopping has already been baked in the plan.

Whether the plan is good, it is another issue. Investors should not allow themselves to sweep because of the flood of euphoria in the market on Wednesday. Remember that Trump only allowed a temporary stop for 90 days to allow deals. A 10 % tariff is not permanent. Relief pools are also more prevalent during a long -term decline, as during the financial bubble in 2000s or the 2008 financial crisis.

With negotiations meeting, uncertainty – market curse – game name remains.

Trump drops the definitions to 10 % for 90 days
US President Donald Trump has reduced the prices of new tariffs on Imports from most American trading partners to 10 % for 90 days To allow negotiations with those countries. Trump announced the stop stopping on Wednesday, hours after the goods were subjected to about 90 countries to more solid, the so -called Mutual definitions. Treasury Secretary Scott Beesen told reporters that the decline in the customs tariff was Trump’s strategy.All the timeHowever, Trump raised the definitions of imports from China to 125 % after Beijing on Wednesday The definitions on US imports are raised to 84 % From 34 % from April 10.

Huge and historical increase
American stocks shook Wednesday As a relief gathering that attracts markets. the S & P 500 9.52 % rose for the largest profit for one day since 2008 and The third largest jump In the history of the Second World War. the Dow Jon’s industrial average 7.87 % has emerged, its largest progress since March 2020. Nasdak It rose 12.16 %, and got the largest profit for one day since January 2001 and the second is the best day ever. About 30 billion shares traded, making it the heavier day in Wall Street in history, according to the 18 -year records.

Just bounce back on the dead killer?
It may be too early to be cheerful of market gains. Nasdaq was the second best on Wednesday, just late, with 14.17 % in January 2001-which was in the middle of the Dot-Com collision. During the financial crisis in October 2008, the Nasdaq Stock Exchange enjoyed two days of the top five days ever. We call it a I wore the dead catAid or short coverage. It is a familiar reaction during the worst time for Wall Street, ARI Levy wrote from CNBC.

The European Union entrusted the Contrameson
The European Union voted on Wednesday to agree to its first group of Revenge measures to meet the definitions by 25 % It is separate from the so-called mutual definitions-imposed by the United States Steel and aluminum. The European Commission, the executive arm of the bloc, said, before Trump’s announcement, the duties will start in the first segment of the customs tariffs on US imports as of April 15, with a second group of follow -up measures on May 15. Regional Europe. Stoxx 600 3.5 % fell on WednesdayWith the closure of the markets before the developments of the new tariff.

(Pro) raises Goldman, then discounts, recession possibilities
Less than an hour before the Trump tariff stopped, Goldman Sachs It raised the recession expectations in the United States and expected the country’s economy to shrink this year – then the bank was almost immersed. This is what The chief economist in Goldman Jean Hatzius says About updates on American commercial policy.

The Trump tariff plan is to throw the efforts of chaos to diversify from China

Many companies were steadily underestimating their dependence on China as a manufacturing center since President Donald Trump’s first term. One of them is Steve Grensbon, CEO of Honey-Can-Do International, which is based in the Illinois, who started transferring more of his production from China to Vietnam.

Then the latest “mutual” tariff came. “It is a crushing matter for our company. It is disappointing. It is sad. It is frustrating,” Grensbon said.

“As a US -based company, this is incredibly painful that our government does this for us,” he said, noting that the transfer of production to the United States is not an option, due to the high costs of employment and the absence of the required infrastructure.