(BFM Stock Exchange) – The Parisian index opens in very high increase this Thursday, April 10, after Donald Trump operated a surprising turnaround by suspending reciprocal customs duties for 90 days, except for China.

Donald Trump’s theater blow gives tone to the Paris Stock Exchange. CAC 40 opened up 6.35% this Thursday, April 10, at 7,298.73 points. This increase occurs after Wall Street experienced a spectacular rebound on Wednesday evening.

The Dow Jones won 7.9% while the S&P 500 took 9.5%. The Nasdaq Composite flew by 12.16%. According to John Plassard, from Mirabaud, the Dow Jones has signed its best session since 2008 and the Nasdaq its second best historical performance.

The euphoria won a large part of the market after the American president decided to suspend customs duties announced on April 2. “I authorized a 90 -day break and a substantial reduction in reciprocal customs duties to 10% during this period, with immediate effect,” wrote the White House tenant.

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Chinese exception

A notable exception: China. The United States, which is increasingly engaged in a real trade war with Beijing, has decided to increase the taxation rate of Chinese products at 125%, against 104% previously. Donald Trump spoke of “a lack of respect” from Beijing.

“A given moment, let’s hope it in the near future, China will realize that the time when it won the United States and other countries is no longer viable or acceptable,” he added. Clearly, everyone returns to 10% except China, therefore.

Donald Trump’s flip-flop on customs duties suggests the conclusion of agreements that could alleviate or even remove the negative impact of its customs surcharges on global growth.

“We fall back on something that we know roughly”, that is to say “a transactional scenario”, of negotiations, and not “not an ideological scenario”, explained on Wednesday evening Wilfrid Galand, Deputy Managing Director of Montpensier Arbevel, on BFM Business.

“Evil is done”

The Trump administration “finally shows that it is sensitive to extreme conditions of the market”, notes George Saravelos de Deutsche Bank.

“On the sidelines, this should reduce the probability that such a mixture of extreme policies will happen again. It is more likely that the administration accepts negotiated results on commercial policies (and others), and it is more likely that the administration becomes receptive to market pressure, if that continues,” he adds.

But the strategist warns: “evil is done”. “Even if customs duties are definitively suspended, the economy has undergone damage due to a permanent feeling of unpredictability of politics,” he said.

The former leader of the IMF, Olivier Blanchard, even surprised on X. “Am I the only one to think that things are not pink, that the conflict with China will be very harmful and that we will have at least 90 days of considerable uncertainty? Could it be that the stock market has reacted excessively in the other sense today?”, He posted.