At 10.15 am EST, US stocks rose sharply, with the S&, P 500 rising by 3.86 % and the Dow Jones Industrial Average rising by 1,403 points ( 3.70 % ), while the Nasdaq composite increased by 4.34 %.
As president Donald Trump spoke with the mind of South Korea in a positive manner, while US Treasury Secretary Scott Bessent stated that Japan wanted rapid talks, all three main US index increased by more than three percent in earlier trading.
Tokyo stocks increased 6 %, Paris increased 3.4 %, and Shanghai rose 1.6 %, according to the global recovery. After falling to their lowest level since 2021, crude oil prices increased marginally. Bitcoin increased above$ 79, 000 after recovering from the previous day’s decline to$ 76, 000.
Markets dimly rose after President Donald Trump’s rumored plans to impose a 90-day tariff on all countries, with the White House after downplaying this as “fake information.”
The S&, P 500 nearly fell 20 % from its February peak after Trump announced an additional 50 % tariff on Chinese goods.
Trump’s latest threat, which was made via a blog on Truth Social, warned that unless China reverses its recently announced 34 percent price increase by April 8, Washington will impose more duties, increasing the total price level on Chinese goods to a remarkable 104 per share.
China made a flurry of tariffs on American goods in response to Trump’s fresh danger. Beijing stated that it will take countermeasures against the US” to guard its unique rights and interests.”
