With a surprise move that appears a real behind, Donald Trump announced on Truth that he suspends immediately and for three monthson the day of their entry into force, mutual duties to all countries that have expressed their intention to negotiate, while maintaining the basic rate of 10%for everyone. On the other hand, to have reacted China, against which duties take place up to 125% after the dragon had announced, in turn, rates of 84% on the made in the USA. A move, that of the Tycoon, which makes the New York bag fly after a long swing. The president seems to have sold to the growing pressures of the CEO of Wall Street and Silicon Valley, his donors and many Republicans, as well as the collapse of the financial markets. Aggravated by the alarm on the American bonds, which had raised the question if they still remained a safe paradise. The 90 days will allow you to treat without the duties send the markets to tilt, even if the clash between the two major world economies continues to weigh: the USA and China. Yet until last night The Donald had flaunted overflowing using offensive and contemptuous words at the dinner of the Grand Old Party to reassure the Republicans on the effectiveness of his duties: “I assure you that at least 70 countries are calling me to kiss my ass, they die from the desire to reach an agreement,” he said. “Please, please Lord, take an agreement. I will do anything, Lord, “he continued, imitating a foreigner leader. “I am damned well what I am doing,” he had therefore guaranteed, continuing to defend his commercial war but then denying himself the next day. “We don’t necessarily want to make an agreement with them. We are happy to stay like this, collecting our 2 billion dollars a day “from the duties, Trump explained by launching yet another conflicting message with the previous negotiating openings, his and his ministers. In fact, according to politician, many foreign governments that have expressed interest in a dialogue are still waiting for an answer. And the Israeli premier Benyamin Netanyahu, the first and only foreign leader received so far, has returned empty -handed after promising to erase the commercial deficit of his country with the USA. The Tycoon had even rescued its offensive, replacing “important duties” on pharmaceutical products in short to report production in the USA and lower prices: the move would also have negative effects for Italy, which has an important pharmaceutical sector and exports a lot to the USA. Trump’s intervention at the party dinner aimed to defuse the growing internal frond on rates and also on the budget, with the fouls of the fiscal rigor ready to block the Senate bill for the too small cuts to public spending. Today, before the turning point, the president also tried to reassure Wall Street: «Stay serene! Everything will go to the best. The US will be bigger and better than ever! This is a great time to buy !!! »he wrote on Truth. His Treasury Secretary, Scott Besent, had launched two very clear messages. The first is that “Wall Street has been enriched more than ever and can continue to grow and be successful, but for the next four years the goal of President Trump is to focus on the real economy. It is the turn of Main Street », that is, of small investors, small and medium -sized companies. The second is that aligning with China on trade is “how to cut your throat”, that is, to give your hoe on your feet, because Beijing does nothing but “produce and produce” and “flooding” the global markets by lowering the prices. A warning to the EU, which today voted for its countermeasures against the war of Trump’s duties. But also at Spain, whose premier Pedro Sánchez is flying to Beijing.
Wall Street flies after Trump’s announcement on duties, Nasdaq +9%
Wall Street flies after Trump’s new statements on duties. The Dow Jones rises by 6.26%, the Nasdaq earns 9.04%while the S&P 500 marks +7.46%.
Oil turns upwards, Brent above 63 dollars
The prices of oil, which were in strong difficulty at the beginning of the session, took place on the announcement of Donald Trump of a 90 -day break on the mutual duties imposed by Washington to dozens of its commercial partners. The price of a barrel of Greggio Brent of the North Sea travels up 0.97% to 63.43 dollars, after dropping by more than 5% during the session and briefly reached the lowest level from February 2021. Its US equivalent, the WTI, earns 1.17% to 60.28 dollars after having also fallen by more than 5%.