Money and business

A significant rise in the shares of the Wall Street Exchange after postponing customs duties

The Wall Street scored a great recovery on Wednesday after the president announced the additional comment on all countries except China, which led to the rise in its main indicators.
The broader S&P 500 index increased by American stocks by 9.5%, which is the largest daily increase since World War II.
The Dow Jones Index increased by 7.9%, while the Nasdaq index jumped by 12.2%.

Trump hangs customs duties

US President Donald Trump announced the suspension of new 90 -day customs duties.

At the same time, it was announced that it has raised customs tariffs on China to 125%, in an escalation of the retaliatory procedures between the two sides.

Trump said that he authorized the suspension of customs duties for a period of 90 days, and a significant reduction in the mutual tariff during this period, by 10%, with the decision immediately.
It was not immediately clear which countries will be applied to suspend tariffs on them.
In the same letter, Trump said he raised the American definitions on China while working to bring Beijing to the negotiating table.

Related Articles

Back to top button