China’s Renminbi has weakened to the lowest level since 2007

On Wednesday, the US shares had withdrawn after Donald Trump his plans to meet a huge trading partner with strong tariffs, but investors and analysts said that the uncertainty about the duties would remain.

The S&P 500 rose by 9.5 percent on Wednesday, while the technical-halpend Nasdaq composite jumped by 12 percent, the best days since 2008 and 2001.

Trump’s decision to take his “mutual” tariffs in most countries for 90 days contributed to the fact that in the past few days some of the enormous losses of stock were reduced that had been triggered by Trump’s “Liberation Day”.

“This is Trump’s surrender of the markets. He saved his face by keeping tariffs for China,” said Andy Brenner, head of the international festival at Natalliance Securities.

Goldman Sachs also quickly reversed his demand for the United States to enter into a recession on Wednesday after the announcement by Trump.

Nevertheless, Trump increased the tariffs in China, the world’s largest exporter on Wednesday, to about 125 percent and adhered to a number of other taxes, including 10 percent universal obligation.

Bob Michele, Chief Investment Officer and Head of Global Fixed Income, currencies and raw materials at JPMorgan Asset Management, said that there was no “enormous change” on the bond market.

“There is still so much uncertainty. The bond market focuses on inflation that goes far above the goal of the (Federal Reserve), and the Fed tells us that they do not lower any rates,” he added.

Citigroup repeated this feeling and said in a note to customers: “The break against mutual tariffs without China does not mean that the US economy has avoided growth and increase inflation”.

The Wall Street Bank added: “The uncertainty about the trade will exist and non-China imports can now rise and growth dampens in the second quarter.”