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US Tariff: The announcement by President Donald Trump’s announcement in tariff for 90 days led to a tremendous bounce in the stock market. Due to this, the total wealth of the world’s richest people increased by $ 304 billion in a single day, which is the biggest one day lead in the history of the Bloomberg Billionaires index so far. This happened when the shares of Meta and Tesla, which were falling for a week, climbed more than 10% on Wednesday.

On Wednesday, there was a tremendous jump in the stock market. The S&P 500 index rose 9.52% to 5,456.90, which was the largest one day lead after 2008. Dow Jones Industrial Average also rose by 2,962.86 points, or 7.87%, while Nasdaq Composite made a tremendous jump of 12.16%. On Wednesday, the market was a big earning day, as the previous record of $ 233 billion made in March 2022 was also broken during this period.

Trump’s announcement of big benefit to tech billionaires

Elon Musk’s company Tesla benefited the most from President Trump’s tariff exemption announcement. Tesla shares gained 23% strongly, causing Alan Musk’s assets to increase by $ 36 billion.

Mark Zuckerberg also gained major advantage and his wealth increased by about $ 26 billion. After this, the number comes from Jenson Huang of Nvidia Company, whose assets increased by $ 15.5 billion. Nvidia shares saw a rise of 19%. If we look at the percentage according to the percentage, then the CEO of Karwana Company, Ernest Garcia III, got a 25% increase in assets. Apart from this, Apple’s shares saw more than 15% and Walmart’s shares gained 9.6%.

What Donald Trump said?

Former US President Donald Trump on Wednesday announced that he had stopped tariffs on more than 75 countries for 90 days. This decision immediately came into force. However, China has not been included in this discount. The tariff on China has been increased from 104% to 125%. Trump took this step after 84% counter -tariff imposed on America by China.

Trump wrote on Truth social, & ldquo; China did not show any respect for the global market, so I am increasing his tariff. Hopefully, China will understand that the days of robbing America and other countries are over. & RDQUO; He also informed that more than 75 countries have spoken to US officials and these countries did not retaliate on their suggestion. Because of this, he decided to ban the tariff for 90 days. Trump said that this temporary exemption will give America time to make new trade agreements.

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