US Markets Hedge Ahead of Trump’s Tariff Decision
The US market is bracing for potential consequences after President Donald Trump announced tariffs on steel and aluminum imports. China has already retaliated with its own tariffs, but the market reaction was muted due to the symbolic nature of Beijing’s response.
Trump’s announcement came shortly before our meeting, revealing a 25% levy on imports from all countries, not just China. The strong language used by Trump suggests he is serious about making his trade policies stick. Steel and aluminum might be the test case for this new approach.
The world will now have to interpret the implications of Trump’s decision, which could lead to further tit-for-tat trade wars between the US and its trading partners.
Source: https://www.bloomberg.com/opinion/articles/2025-02-11/markets-hedge-that-this-time-trump-means-it