While investors were hoping for the deadline to be postponed or concessions to be announced, Trump has dismissed any talk of a postponement so far. He has, however, praised trading partners for coming forward to make concessions while brushing aside some offers, including one from Israeli Prime Minister Benjamin Netanyahu to bring down barriers and erase a trade surplus with the US, Menon notes.
Investors should “tread cautiously” as the deadline for the US tariffs draws nearer, says Vasu Menon, managing director, investment strategy at Oversea-Chinese Banking Corporation (OCBC).
On April 2, US President Donald Trump announced a spate of tariff increases, which are scheduled to take effect at midnight on April 9 or at 12pm on April 10, Singapore time. The larger-than-expected increases are the most aggressive in over 100 years.
