https://www.cnn.com/politics & P 500.
It was also the third best day for the reference index since its modern version was created in 1957.
but The definitions will remain in ChinaThe second largest economy in the world. Trump said he would be increased to 125 % after Beijing announced new reprisals against the United States on Wednesday (9). These rates on all 84 % American imports are already valid.
Trump said that all other countries that were subject to mutual definitions would reduce their rates again to a 10 % global rate.
Historical
The customs duties suspension led to a large gathering of Wall Street, with S & P 500 has recorded its best day since October 2008 on Wednesday.
Asian and European markets also stumbled on Thursday (10).
Save the neighbors
Mexico and Canada will not face 10 % rates. CNN.
Almost fees will be imposed on all products from both countries by 25 % unless they are according to the United States, Mexico and Cananga agreement. But this does not apply to the sectoral tariffs imposed by Trump.
Trump is declining
Historically, the treasury titles recover at times of the sharp decline in the stock market, as investors are active to a safe haven.
The alarm has played within the Treasury on the signs of difficulties in the market of the United States government, a major role in Trump’s decision to suspend the “mutual” tariff, according to three sources.
Trump admitted that he was watching the turmoil. “The title market is very complicated,” he told reporters.
Close agreements
Treasury Secretary, Scott Payette, said the break will give time to negotiate new trade agreements.
Trump said he intends to conclude “fair agreements for all”, including China, which he said, wants to reach an agreement.
The Minister of Commerce, Howard Lootnick, said today that he does not participate in the Chinese tariff authorities or bessent. But Trump “expects talks” with Chinese President Xi Jinping.
Joe Prussuelaas, the chief economist at RSM US Consulting, warned that the change in the customs tariff policy may not be sufficient to avoid stagnation.
In a memorandum to customers yesterday afternoon, Goldman Sach economics expected a chance of stagnation by 45 % in the next 12 months.
