Investors are still struggling to speculate on the spillover effects of the trade war on the economy, as there are fluctuations in the negotiations. While U.S. officials insist that the tariff strategy is well-designed, critics argue that this trade order depends on the whims of a deal-making president.

The White House announced on Monday that it would launch trade investigations into the semiconductor and pharmaceutical industries, which is seen as a possible precursor to a broader U.S. trade war. Although the investigations may take months to complete, it currently seems that progress could be faster than investors expect.