Trump's remarks revive Wall Street, despite China and Europe's reactions to the fees

Wall Street Shares -Indicators managed to rise at the beginning of Wednesday’s trading on Trump’s statements that encouraged the Americans to buy, despite the increase in trade wars after China and the European Union imposed fees on the United States imports. The S&P 500 index rose 0.8%, and the Nasdac 100 index, which includes technology stocks, rose 1.8%, and the Dow Jones Industrial Index added 0.4%. The shares of American Technology were a recovery during the Wednesday trading led by “Tesla” after the price rose 5.4%, and the price of “Invidia” climbed 4.7%, “Apple” by 3.9%, “Amazon” by 2.6%and “Microsoft” by 2.3%. This came after President Donald Trump requested the Americans on Wednesday to be calm and continued to invest and not panic while imposing large -scale mutual customs, indicating that the White House was carefully monitoring the response of the market to the fees. Trump said in a post on his account on the social network website “Tharwat Social”: “This is an ideal time to buy.” He also encouraged his followers to “calm down” and expect “everything to go well”. Trump also sheds light on the appearance of Jimmy Damon, president of “JP Morgan”, on the “Fox Business” channel Wednesday morning, and notes that the bank president praised the idea of ​​recovering customs and trade. Treasury Secretary Scott Besent has reduced US treasury bonds and said there is nothing systematic in this case. He explained in statements about the “Fox Business” channel: “There is a state of fluctuations arising from the accumulation of debt in the markets currently,” and adds that “the fixed income market saw that some major investors suffered losses due to high debt, so they had to reduce this debt.” “I think there’s nothing systematically in this matter,” Besent said. This came after China increased customs duties on the goods imported from the United States to 84%, with these anti -procedures to come into effect on April 10, and came after the White House imposed a 104% tax on many Chinese imports. On the other hand, the European Union has agreed to impose customs duties on US goods worth approximately $ 21 billion ($ 23.2 billion), following the 25% customs duties imposed by President Donald Trump last month on steel and aluminum exports. However, the S&B 500 index is still more than 14% low, and the Nasdac 100 has withdrawn by more than 19% since the beginning of the year, which highlights the challenge facing the Trump administration in its quest to reform the international trading system.