#TrumpTariffs

TrumpTariffs – Is trade tension returning?

Former President Donald Trump recently stated that if re-elected, he would impose a 10% tariff on all imports and could raise tariffs up to 60% on goods from China. This is a clear signal that the trade war – which shook global markets from 2018 to 2020 – may recur.

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Main impacts:

• Financial markets: Negative reaction for stocks in manufacturing, technology, and logistics due to concerns over rising costs.

• U.S. domestic inflation: Rising prices of imported goods → pushing CPI up → the FED may maintain high interest rates longer.

• USD and gold: The USD may strengthen in the short term due to safe-haven flows, but gold and Bitcoin could benefit if geopolitical risks increase.

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Quick assessment:

• This is a major disruptive factor for the market in the 2024–2025 election year, especially if Trump leads in polls.

• Investors need to be cautious of unexpected volatility, particularly in stocks sensitive to international trade and currency pairs related to CNY (Chinese Yuan).

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Conclusion:

TrumpTariffs is not just a slogan, but could be the spark for a new cycle of trade instability. Although not yet in effect, political risks are gradually transforming into financial risks, and investors should prepare defensive scenarios right now.