Huge boom in US market(market) 

Washington: US President Donald Trump said on the social media platform Truth Social that he is imposing 125% tariff on China. Donald Trump has also given major relief to most countries. Trump said that he is withdrawing tariffs on most countries for 90 days. Trump has taken this decision amid a huge drop in the stock markets. (market)  After this decision of Trump, a big boom is being seen in the US market.

What did Donald Trump say

Donald Trump wrote in his post, ‘Based on the disrespect that China has shown towards the world markets, I am increasing the tariff imposed by the United States on China to 125% with immediate effect. Hopefully in the near future China will realize that the days of looting America and other countries are no longer sustainable and acceptable. On the contrary, based on the fact that more than 75 countries have convened representatives of the United States, including the Department of Commerce, Treasury and USTR, to negotiate topics related to trade, trade barriers, tariffs, currency manipulation and non-monetary charges and that these countries, at my suggestion, have not retaliated in any way against the United States, I have decided to pause the tariffs for 90 days. Also, during this period, I have authorized a much lower reciprocal tariff of 10%, which will take effect immediately. Thank you for your attention to this matter!’

The Treasury Secretary had suggested negotiations

After China imposed an 84 percent tariff on American products, US Treasury Secretary Scott Bessant had told Fox Business Network that Beijing’s tariff was “unfortunate”. Bessant had suggested that China should come to the negotiating table to get out of the tariff war. After this, Trump’s post turned the whole game around.

Tremendous rise in US market
After this post of Trump, tremendous rise has been seen in the US market. Major index Dow Jones was seen trading at 40,271, up 6.98 percent. S&P 500 index was seen trading at 5373, up 7.90 percent. Nasdaq was seen trading at 16,820, up 9.88 percent. Oil market is also witnessing a huge rise. At the same time, a sharp jump is being seen in bond yield.