Quotes
The tariff hike was larger than most market participants were expecting, so the initial market reaction is likely going to be a continuation of risk-off sentiment,
said Lynn Song, chief economist for Greater China at ING
China's recent tech re-rating is mostly insulated from tariffs,
said Eugene Hsiao, head of China equity strategy at Macquarie Capital,Eye-watering tariffs on a country-by-country basis scream ‘negotiation tactic’, which will keep markets on edge for the foreseeable future,
said Adam Hetts, global head of multi-asset and portfolio manager at Janus Henderson Investors
The key focus over the next few days should clearly be China,
said Deutsche Bank strategist George SaravelosMany countries will likely end up in a recession,
Fitch’s Olu Sonola saidHow willing will China be to wait for trade negotiations ... or to absorb this?,
he saidWhile it might seem like the current period of uncertainty should end quickly once the administration finalizes their proposals, the poorly designed nature of many of these policies makes it hard to have confidence that they will last in their current form,
they wroteTariff risk, piled on top of the notoriously high valuations of U.S. companies, makes the American stock market a hard pitch,
they concludedTaking the goal of increased domestic production of copper as a given, imposing a large tariff on imported copper now seems an inefficient and costly way to achieve it,
they saidI have for a long time held the view that the dollar, yen and Swiss franc are the three main safe-haven currencies, and now I am starting to change that view
said Russell Investments head of currency and fixed income strategy Van Luu, referring to the dollar's recent performanceI still expect that this self-created chaos is designed to create panic, and the uncertainty drives yields down at the time when demand for our debt is high, allowing us to refinance about $4 trillion to $5 trillion at much better rates,
said Eric Clark, portfolio manager at Alpha Brands in San Diego, referring to U.S. government debtIt seems investors have yet to fully price in recession risks, allowing dollar weakness to persist as capital rotates out of U.S. assets amid fading economic exceptionalism,
said Rong Ren Goh, a portfolio manager in the fixed income team at Eastspring Investments in SingaporeChina urges the United States to immediately cancel its unilateral tariff measures and properly resolve differences with its trading partners through equal dialogue,
a spokesperson for the Commerce Ministry said in a statement
Trump has made it clear that this is the end of the established economic order, and he wants America calling the shots. These tariffs are stark and perhaps more aggressive than many in the market had been expecting. Indeed, Trump scheduled this press conference for after the stock market closes for good reason, with the US futures market falling sharply as a result of this speech,
Ms Quilter said
Markets will be wanting more detail on both this and further deregulation, and given the scale of these tariffs that may need to come sooner rather than later for US equities. For businesses it remains a very volatile and uncertain economic period, and this will be reflected by markets for the time being. Investors will need be patient and calm, staying invested for the long-term,
she saidTaxpayers have been ripped off for more than 50 years,
he said
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The company said there are multiple factors at play, with the primary driver behind the final decision being this afternoon’s announcement from U.S. President Donald Trump of the U.S. tariffs,
Stewart saidThe consequences will be dire for millions of people around the globe,
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How about we give this guy some grace while he tried to actually do what he’s been campaigning on for years and his mission to protect American companies and workers?”
Emmer saidThese tariffs do present challenges, but India’s position remains comparatively favorable,
said S.C Ralhan, president of the Federation of Indian Exports Organisations