The U.S. stock market experienced a sudden rise of over 2,000 points following President Trump's decision to pause tariffs on most countries but increase them to 125% for China. This caused widespread shock in financial circles and among consumers. Apple customers rushed to buy iPhones before the prices could rise, and the company had already anticipated this by importing large shipments in advance.
Vocabulary list :
• Tariff (n) : import tax charge
• Scramble (v) : rush in panic
• Stockpile (v) : store in advance
• Surge (n) : sudden sharp rise
• Dow (n) : US stock index
• Impromptu (adj) : unplanned, spontaneous event
• Skyrocket (v) : rise extremely fast
• Panic (n) : sudden intense fear
• Upgrade (v) : improve existing item
• Declare (v) : officially state something