S & P 500 and NASDAQ COMPOSITE reached new milestones on Thursday, while investors continued to ignore concerns about customs.
I S & P 500 and NASDAQ COMPOSITE have closed at historical maxima, with an increase of 0.27% and finishing the day at 6,280.46. Technologically oriented Nasdaq closed with an increase of 0.09% at 20,630.67. Dow Jones Industrial Average added 192 points, ie 0.43%, and ended up to 44,650.64.
These moves were followed by the President Donald Trump late on Wednesday he would be 1. August will enter into force of the US Customs of 50% on the import of copper. Trump also announced a customs of 50% for Brazil, partly as retaliation for the current trial against the former Brazilian President Jairo Bolsonar for his role in an alleged unexpecting election results from 2022. years. Trump added that the move was the consequence of the “very unfair trade relationship” with Brazil, saying that “far from reciprocal”.
Brazilian President Luiz Inacio Lula Da Silva later stated that the country would respond to 50% tax in accordance with their Law on Economic Reciprocity. Ishares MSCI Brazil ETF (EWZ) fell by 2%, reports SEEbiz.
Before the president’s tax announcement of Brazil, he sent letters in which he dictated new US rates on the import of at least seven additional countries. He also sent letters to the new rates of the leaders of 14 other countries, like Japan and South Korea earlier this week. Customs should take effect 1. Augusta.
Despite the growing trade tensions, American markets managed to reach record levels, recovering from steep losses suffered in the spring.
“It is incredibly thinking that estimates are above those on which we have started all the uncertainties with tariffs, and now we have a new deadline, and I think Mike Dickson, the Horizon Investment Head of Restaurant.
