Markets in the United States have increased sharply, Goldman Sachs revoked a recession forecast – after Trump’s new decision

The main indicators of the US stock market have increased sharply after US President Donald Trump’s decision to delay the introduction of increased duties for 90 days. The Dow Jones index completes almost 8%growth, the S&P500 grows by about 9.5%, and most of the NASDAQ – about 12%.

Raw materials quotes, including oil, also increased – the cost of Brent reached $ 66 per barrel (although on April 9, the Brent was falling below $ 60 in the afternoon), Russian Urals are trading slightly below $ 59 per barrel (in the daytime the price fell up to $ 53).

Goldman Sachs’s investment bank economists have canceled their recession forecast in the United States only an hour after its publication.

“This morning, before the announcement of President Trump, we moved to the base line of recession in response to additional duties for individual countries that came into force this morning. Now we have returned to our previous basic forecast, no recession, ”the market analysts said.

US President Donald Trump announced on April 9, it announced a raising duties on goods from China from 104 to 125%. He explained his decision “the disappearance that China reveals to the world markets.”

Trump also added that more than 75 countries have asked the United States to discuss tariffs and “have not taken any measures.” In this regard, the US President has decided to postpone the introduction of additional duties against these countries for 90 days. A 10%duty rate will be valid for this period. Trump did not specify what countries were talking about.

Earlier on Wednesday China announced About raising duties Imports from the United States up to 84%. The Chinese government emphasized that they protect the national economic interests in the context of trade escalation.

Beijing’s decision was a recent increase in tariffs to 104% of Chinese goods introduced by the US President.

US President Donald Trump on April 2 announced the introduction of duties on goods from all over the world that will be imported to the United States.

The basic customs rate on import of all foreign goods to the United States will be 10%. It will be for the United Kingdom, Brazil, Australia, Turkey, Ukraine and many other countries. It was planned that it would be 20%for the EU countries, 34%for China, 25%for South Korea, 24%for Japan, 26%for India.

Cambodia rates (49%), Vietnam (46%) and Sri Lanka (44%) were announced.