US President Donald Trump announced the imposition of duties to China in the amount of 125 percent. At the same time, he ordered a 90-day break in the use of increased duties for other countries.
“Considering the disrespect that China showed world markets, I hereby raise a tariff imposed on China by the United States of America to 125 percent, with immediate effect” – wrote Trump in an entry on his Truth Social social networking site.
“On the other hand, taking into account the fact that over 75 countries called representatives of the United States (…) in order to negotiate regarding the termination of the issues regarding trade, trade barriers, duties, currency manipulation and non-pecunial duties, and these countries did not take my definite suggestion, no retaliation against the United States, I decided to make a 90-day break and much reduced mutual tariff during this period, of 10 %, also with immediate effect, “he added.
Euphoria on the stock exchange
According to Reuters, an unexpected advertisement Donald Trump In the case of tariffs, there was after public speaking on the part of investors and presidents of companies who caused pressure on the president USA. Among them was, among others President of JP Morgan Jamie Dimon, who warned that the country was threatened with a recession.
Investors on the American stock market enthusiastically reacted to Trump's decision – the most important indexes grow a few percent.
Source of the main photo: Kevin Dietsch/Getty Images