The three major US indices recorded strong gains in mid-day trading on Wednesday, April 9, with the Dow Jones Industrial Average reclaiming the 40,000 level after US President Donald Trump issued a decision to suspend tariffs for most countries and implement lower tariffs.
On social media, moments ago, the US president announced a 90-day suspension of high tariffs on dozens of countries, indicating that he approved this decision given that these countries had not taken any retaliatory measures.
He also reduced the reciprocal tariffs to 10% during this period. In response, Trump announced that he would raise tariffs on China to 125% from 104%, effective immediately, after China raised tariffs on US goods to 84% this morning from 34%, asserting that China does not respect global markets.
These statements supported the American markets, which responded directly with strong increases, as the Dow Jones Industrial Average (Dow) is trading up by about (2,586) points at 40,232 levels, with gains of about 7.87%, while the S&P 500 is trading at 5,381 levels, with a rise of about (398) points or 7.99%, while the Nasdaq index recorded gains of (1,592 points) before closing at 16,860 points, recording profits of about 10.43%.
13/04/2025
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