The Wall Street Stock Exchange .. The rise in American stocks after two days of retreat

American stocks have risen at the end of Wednesday’s trading, after declining over the past two days thanks to US President Donald Trump’s announcement to exempt American auto companies from implementing the new customs duties that he decided to impose on imports from Canada and Mexico for a month.
The broader S&P 500 index increased by 1.1% after declining by 6% since it reached its highest level ever last month, to return to its levels before the US presidential elections held last November.

The Dow Jones Industrial Index increased by 485 points, or 1.1%, and the NASDAC collection increased by 1.5%.

The postponement of the customs tariff application

The American Stock Exchange increased strongly after President Trump announced earlier on Wednesday, granting American car manufacturers a period of one month before applying the new customs tariffs to its imports from Canada and Mexico, in light of fears that any trade war will harm the interests of American car companies.

Trump’s statement came after his conversation with the leaders of the three major car companies, Ford, Gres Motors and Stelants, on Wednesday.
Trump also said that he demanded that company officials to transfer the production of their companies from Canada and Mexico to the United States, according to his spokeswoman Caroline Levit.

High shares of car companies

“We talked to the three large car company agents, we will give a month to any car received from the day from the day of SMCA,” in a statement via his spokeswoman, in reference to the North American Free Trade Agreement, which he re -negotiated with Canada and Mexico in its first term.
The prices of the shares of car companies increased after the announcement, as Ford and the General Motors shares increased by more than 5%, which contributed to the rise of the market as a whole.