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Wall St rises as Trump softens tariff plan, exempts Canada, Mexico


  • Markets
  • Friday, 9 Mar 2018

U.S. President Donald Trump announces a presidential proclamation placing tariffs on steel and aluminum imports, at the White House in Washington, March 8, 2018. - Reuters

U.S. President Donald Trump announces a presidential proclamation placing tariffs on steel and aluminum imports, at the White House in Washington, March 8, 2018. - Reuters

NEW YORK: The three major U.S. stock indexes closed higher on Thursday after President Donald Trump appeared to soften his stance on trade tariffs, easing trade war fears that had had the market on edge for a week.

Trump announced import tariffs on steel and aluminum but said Canada and Mexico would be exempt and that other countries could apply for exemptions, although details of when they would be granted were thin.

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