US President Donald Trump announced a 90-day stagnation on rollout on Wednesday Mutual tariff In most countries, with the exception of China. The US stock markets showed a positive response to the news, showing remarkable benefits. The S&P 500 index rose 5.7% after recovering from a decline of 0.7%. Dow Jones Industrial Average increased by 2,000 points, increased by 5%, while Nasdaq overall 6.8% advanced.
Market participants are urging Trump to reduce tariffs, as economists have warned that these measures can trigger economic recession around the world and push prices more. The move appeared to focus on comprehensive trade disputes, which first included the United States and several global partners, in bilateral conflict between the United States and China.
Trump said that he was returning to the tariff of most countries for 90 days between the multdown of the market, but he is getting up China tariffThe mutual tariff on China by Trump was increased by 125%, from 104% to 21% declared yesterday.
Trump wrote on Satya Social, “China is increasing the tariffs charged by China by the United States to 125%by the United States to 125%.”
Trump indicated that more than 75 countries had requested tariff discussion. Trump announced a temporary stagnation on tariff growth citing lack of vengeance from several countries. He said, “I have authorized the 90 -day stagnation, and during this period a fairly less mutual tariff, 10%, immediately effective is also effective. Thank you for paying attention to this matter!”
The US Treasury Secretary said that President Trump will increase the action against China and keep 10% baseline tariffs on most countries.
Earlier, Trump said that the world leaders are eagerly demanding trade agreements with the United States. “I am telling you, these countries are calling us, kissing my ass, Trump said. He said:” They are dying to make a deal. ‘Please, sir, do a deal. I will do anything sir. ,
