Just saw Trump's latest threats: 100% committed to slapping tariffs on 8 European allies (Denmark, Germany, UK, France etc.) starting Feb 1, potentially hitting 25% by June. Oh, and a 200% tariff on French wine & champagne? That's a new one.Europe isn't bluffing either. They're talking about a €93 billion counter-strike on US goods and might pull out the big "trade bazooka" (restricting US market access). UK and Germany called the move "completely wrong".Market's reaction? Risk-off mood.European stocks got hit hard, especially autos & luxury goods.Safe-havens like gold & silver are pushing higher.US futures were down pre-market.Here's the kicker: studies show US importers & consumers bear 96% of the tariff cost. So much for "other countries pay".Feels more political than economic. This uncertainty is the real killer for business investment. What do you think?
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
