This is exactly how it could be called, if I weren't fully immersed in assets.
He raised the tariffs to half of those imposed on American goods. Yes, this is unpleasant for the whole world, but it seems fair and reasonable.
As a result, there are not many options left for tightening the screws.
1️⃣ If countries begin to negotiate with Trump and tariffs start to decrease, it will become a good growth driver for the markets and a rally is guaranteed. (I like this option)
2️⃣ If there is no tariff reduction for a long time, it will lead to negative consequences for both risky assets and the economy as a whole. (recession, inflation spikes, everyone is doomed)
Honestly, it is easier for trading partners to negotiate with the USA on mutual settlements regarding tariffs than to try to respond with their own tariffs.
but these not very smart people from the EU and beyond have already started threatening with counter-responses))) In this case, the whole world economy is doomed.
That is, we need to understand now whether this is the beginning of the most powerful trade war in modern history, or its end?
That's how it is. In any case, no matter how much I want growth, we are most likely already in trouble, and I do not rule out another declining QUARTER for the American market.