President Donald Trump announced a 90 -day break on his reciprocal prices, and the stock market is already bounced off – damage caused last week when Trump announced his reciprocal rates.
Technological actions, such as Apple, Sony and Microsoft, quickly progressed after Trump’s announcement, Tesla amounting particularly quickly. When writing these lines, Tesla action increased by 22.69% for the day. Meanwhile, Intel won more than 17%; Nvidia increased by more than 15%; And Meta, Amazon, alphabet and more stocks have also overturned.
Trump made this announcement in an article on his social media platform Social truth.
“I authorized a 90 -day break, and a substantially reduced reciprocal rate during this period, by 10%, also immediately,” said Trump.
However, according to the president, the break only affects the countries that are engaged in negotiations with the White House. The prices made on goods from countries like China, which responded with their own reciprocal prices, were not interrupted. In fact, Trump announced a new 125% price with China. A global rate of 10%, announced during the weekend, will also remain in force.
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The deployment of the Slapdash rate has led to an extremely volatile market. However, the news of a break on samples for countries like South Korea and Vietnam was sufficient to send a stock of apples flying upwards. Trump prices resulted In the worst 4 -day section on the stock market for Apple since 2000.
Crypto Market also rebounds with new prices
Cryptographic markets also reacted positively to the announcement of Trump’s pricing suspension. Bitcoin was back more than $ 82,000 to publication after spending days wading in the range of $ 70,000 from the middle at high. Ethereum also increased by 8% after the announcement of Trump’s price.
The prices that Trump implemented last week has wreaked havoc on the world economy. The market looked so dark during the weekend that some analysts expected A scenario “Black Monday”. On Monday, April 7, rumors spread to Elon Musk X according to which Trump was considering a break on prices, which helped to avoid This worst case. According to the White House, these posts were false.
Despite a temporary stay on most reciprocal prices, the current trade war between the United States and China is raging. Thus, while Trump’s price break was welcome to Wall Street and in Silicon Valley for the moment, the fallout remains impossible to predict.
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