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 debts.

“Although President Donald Trump was able to resist the sale of the stock market, Once the bond market also begins weak“It was only a matter of time before folding it,” said Paul Ashurth, the chief economist in North America in Capital’s economies.

He said he expected Trump to return to the plan to obtain a 10 % global tariff that he called in his presidential campaign last year, 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 on Wednesday, the leading indexes in the United States remain less than it was before Trump’s announcement, with the S&P 500 points of about 3 % and more than 8 % for this year.

The fees on goods from China, the third largest resource for imports in America, is still an economic challenge.

The country sent more than $ 400 billion from goods to the United States last year and was an estimated source of 60 % of shoe imports and about 36 % of the clothes imports in January, according to the American clothing and shoes Association.

Before Trump’s announcement, the National Federation warned for retail that the shipments dealt with by American ports in May are likely to be 20 % less than the previous year due to the customs tariff.

In appearances after his decision on Wednesday, Trump said he hoped to conclude a deal with China, and he was also considering granting exemptions for definitions to individual companies, a transformation from the previous comments.

He confessed to fears, although he indicated that he is still committed to duties in the main strategic sectors, such as cars, steel and aluminum, although he indicated that he is still committed to duties in the main strategic sectors, such as cars, steel and aluminum, and looks forward to other industries such as medicines and wood.

Follow his decision to make a break from the so -called mutual duties with the growing political pressure in Washington and other influential figures that he supported during the presidential campaign last year, including the President of Tesla Illon Musk, billionaire Bill Akman and Barstol Sports Founder Dave Porto.

But sudden climbing still discovers a lot of guard.

Almost at the same time, Trump posted his transition on social media, Goldman Sachs issued a report predicting stagnation in the American economy resulting from sharp duties.

Two hours later, the bank said that it was returning to its previous expectations, which, even if it assumed the decrease in the customs tariff from what the president announced last week, and expected the minimum growth this year and the possibility of recession by 45 %.

“Thank you on behalf of all Americans.”.