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Mr. Trump, who assumed office on Monday, has already disclosed intentions to implement 10 percent tariffs on goods imported from China and 25 percent tariffs on items from Mexico and Canada.
He hasn't mentioned anything particular about European nations yet, though. “There is a degree of relief due to the belief that Trump is less aggressive than the market anticipated,” stated Barclays analyst Emmanuel Cau. “The market feels less threatened by Trump now because there is a sense that he is attempting to negotiate.”
“Tariffs are a significant issue in the near term, yet the market senses they are not as intimidating as they appeared,” stated Alberto Tocchio, an asset manager at investment firm Kairos Partners.
Since the start of the year, the Stoxx 600 has increased by 4.6%, exceeding the U.S. S&P 500's rise of 3.1%.
source: reuters.com
He hasn't mentioned anything particular about European nations yet, though. “There is a degree of relief due to the belief that Trump is less aggressive than the market anticipated,” stated Barclays analyst Emmanuel Cau. “The market feels less threatened by Trump now because there is a sense that he is attempting to negotiate.”
“Tariffs are a significant issue in the near term, yet the market senses they are not as intimidating as they appeared,” stated Alberto Tocchio, an asset manager at investment firm Kairos Partners.
Since the start of the year, the Stoxx 600 has increased by 4.6%, exceeding the U.S. S&P 500's rise of 3.1%.
source: reuters.com
