Tariffs vs Patriotism: Trump Trade Threat No Fit Shake Market Dem
Trump new threat to put 30% tariff for EU and Mexico from August 1 no shakey market well well like this so far because people dey buy American things and earnings season dey run things. White House adviser Kevin Hassett talk for CNBC say import price dem drop from Dec till May even though tariff dey, e be because demand low and foreign producers dey suffer the tax. Critics talk say importers buy plenty goods ahead and price don rise since March so the effect of tariff no balance. Analysts talk say maybe dem fit settle for 15% tariff cap plus more talks with Brussels and Mexico. President Trump dey also put pressure for Federal Reserve by hint say maybe dem go fire Chair Powell. With all these, S&P 500, Dow and Nasdaq still dey around same level, traders dey prefer Q2 bank results pass the trade news. Crypto market sef just calm like that as investors dey think the possible moves for USD and risk asset flow amid ongoing trade debates.
Neutral
Short-term market reaction to di tariff threat dey muted because of buy-American demand plus how foreign suppliers dey absorb cost. Investors dey put Q2 earnings pass trade headlines for priority, wey keep equity and crypto markets stable. For long-term, get still uncertainty about possible tariff compromises, Fed policy changes and how dem go affect USD strength and risk appetite, but the current mindset and technical signs dey show neutral position.