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Wall Street rises as Trump softens tariff plan

Reuters  |  NEW YORK 

By Sinead CarewNEW YORK (Reuters) - 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."This is something that bites less than what the rhetoric was last week," said Chuck Carlson, Chief Executive Officer at Horizon Investment Services in ...

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First Published: Fri, March 09 2018. 03:43 IST
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