The US is planning to impose tit-for-tat tariffs globally [Video]
|The US is planning to impose tit-for-tat tariffs globally, but studying tariffs case by case requires time and the tariffs won’t be effective until April. I don’t know if you could call it good news, but the markets’ reaction suggests that the latter has been perceived as good news, and helped keeping appetite afloat yesterday. The US Dollar Index was sharply sold despite the broadening tariff war, the US yields eased and equities gained.
But the macroeconomic and trade setup remains supportive of the US dollar – a setup that could keep gains in euro and sterling limited.
In equities, though, the European stocks continue to ignore the tariff threats and chose to surf on the rotation trade, while the Chinese stocks gather momentum on AI.
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