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China 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,
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,
Unlike previous trade tensions that mainly centred on US-China disputes, this round of tariffs is broader in scope, targeting multiple strategic industries such as electric vehicles, semiconductors, steel, and renewable energy
Linh Tran, market analyst at XS.com, said Investors and businesses are waking up to a new world this morning after Trump's tariff announcement
Chris Beauchamp, chief market analyst at online trading platform IG, said Should major partners like the EU impose higher costs then we can be certain the US will also respond in kind
