CoinVoice has recently learned that, according to Jin10 reports, analysts indicate that the financial market, which is becoming increasingly insensitive to U.S. tariff threats, will face a test when it opens on Monday. This follows Trump's announcement over the weekend that starting August 1, a 30% tariff will be imposed on the EU and Mexico. Recently, Trump has intensified trade measures, promising to impose more tariffs on all countries from Canada to Brazil to Algeria, and inviting trade partners for further negotiations. Despite warnings from J.P. Morgan CEO Jamie Dimon and others not to take it lightly, so far, investors' reactions seem to expect that the U.S. president will concede again, as they have already seen a previous 180-degree turnaround.
Annex Wealth Management Chief Economist Brian Jacobsen stated: "Investors should not merely consider Trump's threat of a 30% tariff on EU goods as bluster; this tariff level is punitive but may harm the EU more than it impacts the U.S., so the countdown is on." [Original link]