Judging from today's Nikkei and South Korea's KOSPI trend, it rebounded immediately after the opening, and finally closed up.
This also shows that the Japanese and South Korean stock markets do not believe that Trump will eventually implement this tariff level, thinking that this is another good time for TACO.
Trump's political credibility in the tariff negotiations has been almost exhausted by himself, and since April, for so long, the tariff talks have only had substantive agreements between the UK and Vietnam, and China and the EU have not yet reached a good deal
Now that countries have gone through multiple rounds of TACO, they are immune to these threats from Trump, and the more people don't believe it, the more difficult it will be to negotiate tariffs, and the more Trump wants to prove himself, and it is estimated that he will find ways to panic the market.
Another thing to note is that a tariff deal between India and the United States may be reached, if the rumors are true, Trump's character will most likely be announced in advance, India is an important power, if it can be reached, the market will boost sentiment.
At the end of last night's U.S. stocks, looking at the targets related to India, some funds went to bet, and tonight they also bet on building a bottom position ($INDL $INFY).
The U.S. stock market is at a record high, so can you also pull MBLY?
While Trump is prepared to impose 25% tariffs on both Japan and South Korea, there is room for the United States to consider adjusting the content of this letter if Japan and South Korea are willing to open their hitherto closed trade markets to the United States and remove tariffs, non-tariffs, and trade barriers to the United States.
The rhetoric is that if Japan and South Korea open up further to the United States, then the United States can reduce tariffs by 25%, but if Japan and South Korea increase retaliatory tariffs, then the United States will continue to raise them at 25%.
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