On June 17, Trump's latest remarks said that the EU had not yet offered a fair deal. Although it is possible to make a deal with Japan, they are "tough". He also noted that tariffs on pharmaceuticals are imminent. Some analysts said that Trump's remarks were mainly focused on the issue of tariffs. But the analyst believes that tariffs are no longer so important, as the July (tariff suspension) deadline will be extended if needed, and the market has already priced in an average tariff rate of 10%. In addition, businesses are still considering a 10-20% tariff rate. Positive expectations for global growth now rely on Trump's "Big Beautiful Act" and interest rate cuts. Negative outcomes on these fronts could lead to a repricing of expectations and weigh on risk sentiment. ( gold ten )
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Analyst: Trump's latest remarks discuss tariffs again, but the market's focus seems to have shifted away from tariffs.
On June 17, Trump's latest remarks said that the EU had not yet offered a fair deal. Although it is possible to make a deal with Japan, they are "tough". He also noted that tariffs on pharmaceuticals are imminent. Some analysts said that Trump's remarks were mainly focused on the issue of tariffs. But the analyst believes that tariffs are no longer so important, as the July (tariff suspension) deadline will be extended if needed, and the market has already priced in an average tariff rate of 10%. In addition, businesses are still considering a 10-20% tariff rate. Positive expectations for global growth now rely on Trump's "Big Beautiful Act" and interest rate cuts. Negative outcomes on these fronts could lead to a repricing of expectations and weigh on risk sentiment. ( gold ten )