Dow Jones Industrial Average made a big return on Monday, recovering from great losses from earlier during the store after the President Donald Trump said that customs against Mexico would be paused for a month.
The average of 30 shares ended the day with a drop of 122.75 points, or 0.28%, closing to 44,421.91. At the lowest level of the day, Dow fell by 665.6 points, or 1.5%. The S & P 500 dropped 0.76% to 5994.57, and NASDAQ Composite 1.2% to 19391.96.
Ishares MSI Mexico ETF (EWW), who monitors Mexican shares, recovered and closed more than 2% more.
Stocks were initially fallen on Monday after Trump hit Canada and Mexico by introducing taxes from 25% on imported goods during the weekend. Now he also introduced a 10% customs in Chinese goods. The news caused a great global sale, with the fall of shares in the United States and abroad.
But it seems that the announcement of the Mexican President Claudie Sheinbaum has calmed investors after talks with Trump.
“We had a good conversation with President Trump with great respect for our relationship and sovereignty; We scored a number of agreements, “she wrote Sheinbaum in publication, according to translation from Spanish, seebiz.
Trump later confirmed the temporary contract on Truth Social. “It was a very friendly conversation in which she agreed to immediately supply 10,000 Mexican soldiers on the border separating Mexico and the United States,” he wrote that negotiations for a more lasting contract would continue during the month.
Pausing the customs for Mexico amplifier is an optimistic attitude attendant, for all countries to be Trump’s negotiation tools and that investors should not react excessively in the beginning.
