Money and business

The return of calm .. Wall Street goes beyond the repercussions of Trump’s trade war

Calm returned to the American stock market at the beginning of Tuesday’s trading, after the sharp fluctuations that it recorded yesterday due to fears of the repercussions of the trade war fought by US President Donald Trump.
The shares of technology companies led the market indicators to rise today, following the announcement of Planettera Technologies to achieve strong profits during the last quarter of last year, taking advantage of the prosperity of artificial intelligence technologies.
The S & B 500 index fell by 0.6% in the morning trading on the Wall Street Stock Exchange, after a day of sharp fluctuations due to fears that President Trump will lead in his plans to impose new customs duties on American imports, especially from Canada, Mexico and China to a commercial war that harms economies In various parts of the world, including the American economy.

Dow Jones industrial rise

The Dow Jones Industrial Index increased by 25 points, or 0.1%, while the Nasdak Synod index increased by 1.2%.

President Trump agreed yesterday to postpone the application of 25% fees on US imports from Canada and Mexico for a month, which strengthened Wall Street hopes that Trump’s strict talk about customs duties would be just talk.

Hopes of Trump’s retreat

Money markets hope that Trump’s wave will be just a way to achieve gains through negotiations with commercial partners and not a long -term policy.
These hopes are partially based on traders’ belief that Trump is likely to back down from the fees decisions due to the damage that Wall Street may incur if a long -term trade war occurs in the worst case.
Trump in the past referred to the stock market as a real scale throughout its popularity.

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