Wall Street reacted with increases between 6 and 8% to the suspension of tariffs for 90 days announced Wednesday by President Donald Trump for countries that have not taken reprisals, although they maintain a minimum 10% and also those applied to China.
Around 1:30 p.m. ET (17.30 GMT), minutes after announcing the measure through its social truth social network, the Nasdaq technological index shot 8.69%, the S&P 7.10%and the Dow Jones 6.33%.
By sectors, the highest profits were recorded in the technological values (9%), of non -essential goods (8%), industrial (6%) and basic materials (5.8%), precisely the most harmed since the entry into force of tariffs.
The analysts pointed out that it is the strongest rise in about 5 years, from the stock market rebound after collapse by the Pandemia by COVID-19, although it remains to be seen if the optimism is maintained in the absence of two hours for the closing of the session.
Trump said the more than 75 countries have sought to negotiate with Washington and “have not taken reprisals” will benefit from the tariff relief with immediate effect, but in parallel he redoubled the pressure against China and raised their tariffs at 125%.
The Secretary of Commerce, Howard Lutnick, said in his X account that both he and the secretary of the Treasury, Scott Besent, were with Trump while “wrote one of the most extraordinary Truth messages of his presidency.”
“The world is ready to work with President Trump to fix international trade, and China has chosen the opposite direction,” Lutnick added.
In other markets, the US Treasury bonus, whose performance rebounded last night to 5.02%, a level not seen from the end of 2023 and surprised analysts, moderated the rise to 4.36%.
The price of Texas oil futures, which had been operating down due to fear of a recession, also turned 2%, recovering the 60 dollars a barrel, and gold shot 3%, up to $ 3,079 dollars.
Meanwhile, the bitcóin advanced 6%, up to almost $ 81,400.
With EFE information
Follow business information and today in Forbes Mexico
Do you like to inform yourself for Google News? Follow our showcase to have the best stories
