“More importantly, it underscores President Trump’s willingness to negotiate, potentially with tariff moves as bargaining chips rather than firm policy decisions,” he adds.
The latest shifts in US tariff rules underscore a market heavily influenced by headlines, a trend that seems to be synonymous with US President Donald Trump’s time in office now and back in 2016, says IG market strategist Yeap Jun Rong.
Yeap was referring to recent trade tensions where Trump initially threatened tariffs on Mexico and Canada but agreed to pause them just days after. The one-month delay secured by Mexico and Canada were able to provide “immediate relief” for risk sentiments, says Yeap in his Feb 4 note.
