The US is planning to impose tit-for-tat tariffs globally [Video]

Ipek Ozkardeskaya Swissquote Bank Ltd

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.

Author

Ipek Ozkardeskaya

Swissquote Bank Ltd

Ipek Ozkardeskaya began her financial career in 2010 in the structured products desk of the Swiss Banque Cantonale Vaudoise. She worked in HSBC Private Bank in Geneva in relation to high and ultra-high-net-worth clients.

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