The announcement of surprise tariffs by President Trump significantly affected market risk sentiment, overshadowing otherwise solid US economic data. A new 10% tariff on China now totals 20%, leading to a quick market sell-off amidst fears of escalating protectionism. Participants had shown signs of 'tariff fatigue,' yet the intensity of this latest measure sparked immediate concern. Positive economic indicators, like stable GDP figures and a rise in durable goods orders, offered little relief as traders braced for Friday's potential volatility ahead of key economic reports next week.
Trump's latest tariffs on China and impending tariffs on Mexico and Canada have heightened risk aversion in the markets, despite some positive US economic data.
Despite some positive data indicating GDP stability and strong durable goods orders, Trump's announcement of additional tariffs created significant market turmoil, highlighting ongoing concerns.
Collection
[
|
...
]