‘Companies are coming here because when they produce here, they are not charged,’ said the US President; The Republican also reinforced the focus on the national industry and criticized American universities
The president of the United States, returned to celebrate the results of the financial market on Wednesday (9), saying that “good results today in the stock market could continue”. The Republican credited the movement to suspend tariffs and confidence in its economic policy. “Companies are coming here because when they produce here, they are not charged,” he said. According to him, the US have added “more than $ 7 trillion in business investments” since taking over.
Financial market
Wall Street closed on Wednesday with its top three raised rates after President Donald Trump paused for three months the tariffs applied to most US business partners. Dow Jones rose 7.9%at 40,608.45 points; The S&P 500 up 9.5%at 5,456.90; and Nasdaq rose 12.2%at 17,124.97 points.
In post-lock operations, NASDAQ moderated its increase to 10.43%at 18:40 GMT. Large technology index companies climbed Tesla (+10.75%), Apple (+9.73%), Alphabet (+8.25%), Amazon (+10.21%), goal (+12.57%), Microsoft (+8.65%) and Nvidia (+16.61%). According to Bloomberg, Nasdaq registered its highest discharge during the day since 2008.
Executive Orders
In an event at the White House Oval Hall, Trump also signed a series of executive orders aimed at the home economy. Among them, measures to “eliminate rules that favor monopolies”, deregulation sectors such as hydraulic devices and expand the access of new competitors to the market, overthrowing norms that “promote monopoly directly” or function as “anti -specific barriers”.
The president also reinforced the focus on the national industry. He signed an order to encourage the construction of ships in the US and said it will “restore US sea dominance.” When dealing with a defense, he stated that the US is “investing to have the best military equipment in the world.” More details about the measures signed today will be released soon by the White House, he said.
Critic to American universities, Trump stated that they are “very ‘Woke’,” citing Harvard and Columbia, and suggested cutting public funds: “We give universities a lot of money. We have to stop”. In US slang, being or being “Woke” can indicate with which political postures you most identify with.
*With information from AFP and Estadão Content
Posted by Carolina Ferreira
