The American stock market rose significantly after Trump lifted tariffs on European countries, announcing a framework for an agreement regarding Greenland.

On Wednesday, the American stock market recorded a strong rebound, with the Dow Jones index rising by 650 points, after President Donald Trump announced that he would not impose the planned new tariffs on European countries. In a message on his social media, Trump mentioned that he has reached a framework for a future agreement regarding Greenland and the Arctic region. This decision reversed the negative effects from the previous day, when the markets were affected by tariff threats.

Shares of technology companies, such as Nvidia and AMD, led the increase, and Treasury yields strengthened, reducing yields. Additionally, Trump called on Congress to implement a 10% cap on credit card interest rates, which boosted bank stocks. Political tensions continued, and Members of the European Parliament suspended the EU-US trade agreement in the context of tariff disputes.