The stock markets gather in the United States, where Trump agrees to delay the Kinda and Mexico tariff again
On Wednesday, Wall Street wore two days of brutal losses, as Trump agreed to restore customs tariffs in Canada and Mexico. Dow Jones Industrial MEVERGAL 438 points, or 1 %, cleared some of the 300 points he lost during the last two sessions.
S&P 500 increased by 0.9 %, and Nasdaq Composite increased by 1.1 %, according to Google Finance data. The White House confirmed that the automotive companies that are in line with the United States and Mexico-Canda agreement will get one month delay on the definitions.
This sent the shares of high cars – Stelantis increased by 7 %, while Ford and Jurral Motors gained 4 % and 5 %, respectively. White House press secretary Caroline Levitte said Trump is considering additional exemptions, claiming that “President is happy to do so.”
Automatic stocks rise as Trump explodes on customs duties
Car manufacturers have not lost any time to respond to the news. Stelantis led the charge, jumping 8 %, while GM and Ford gained more than 5 % and 4 %. This delay was a temporary rest for the manufacturer that caught in the midst of Trump’s commercial battles.
The delay’s announcement came after Trump received a hot invitation with Canadian Prime Minister Justin Trudeau, where the two discussed trafficking in Fintanel.
Trump posted on the social truth, saying: “Justin Trudeau, from Canada, called me to the question about what could be done about the definitions. I told him that many people died of fentanel that came across the borders of Canada and Mexico, and nothing convinced me that he stopped. He said he became better, but I said,” This is not good enough. “
President Trump also suggested that Trudeau was using the situation to achieve political gains, adding, “Good luck Justin!” In another post, Trump said:
“For anyone interested, the governor Justin Trudeau of Canada told Canada that it has greatly caused the problems we face with weak border policies, which allowed huge amounts of fentanel, and illegal foreigners, to flow to the United States. These policies are responsible for the death of many people!”
Investors panic with the continuation of market fluctuations
Despite the assembly, investors are not fully convinced that the worst is over. The S&P 500 has already wiped all its gains since the November Election Day, and the NASDAQ boat was seriously presented from the correction area throughout the day. Check out the inventory heat map below, you will see what we mean.
Economic data was giving mixed signals. The US Service Sector Report came slightly higher than expectations and raised the market for a short period.
But the ADP special salary report showed the growth of the most expected jobs, which of course added to the increasing concerns that the economy was cooling faster than expected.
Retail investors were already heading to the exits. Jpmorgan reported that individual traders withdrew $ 1.2 billion from the US Securities Market at the first hour of trading on Tuesday-large retail for one hour during a decade.
Michael Green, the chief strategy of Simplify Asset Management, warned of instability, saying: “We are now at a point where one tweet can change or one of the information significantly explain what the markets look.”
“The definitions alone are not enough to harm the economy in a noticeable way. But when the definitions are taken, in addition to broader concerns about the economy, and the masterpiece that may still take its time to reduce prices, this is when you start to ask whether the standard highlands in stocks by this year have what justifies it,” said Michael Landberg, chief investment official in Landberg Bennett for Special Resources Management.
The auto industry got a temporary victory, but not every sector was a reason for the celebration. Trump turned his attention to semiconductors, describing the chips as a mistake. The aim of the law, which was approved during the Biden administration, was to enhance the production of semiconductors and reduce dependence on China and Taiwan.
But in his speech in the joint Congress on Tuesday night, Trump rejected the chips law, wondering whether anything was more than the well -being of companies.
The semi -conductors are very important for national security and industrial production. The epidemic revealed the weaknesses in the supply chain when the American auto companies were unable to get the chips they need, forcing the slowdown.
Now with Trump’s suspicion of long -term financing, companies had more questions than answers.
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