Wall Street Girds for Market Impact of Trump Tariffs

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Wall Street Girds for Market Impact of Trump Tariffs

Reuters2025-02-03

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ZhongRenChun
·2025-02-03
Ban Intel and Nvidia. Support canada AMD.
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setia100
·2025-02-03
Online & offline retail business like Amazon, Walmart, Target & etc may gain by immediate prices adjustments to new tariffs despite old inventory. Next month inflation stats would shoot up. FED would be in limbo to hold back the rate or decrease it❗
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neo26000
·2025-02-03
The verb "gird," which means to prepare oneself for something challenging (e.g., "He girded himself for battle") ...my England not so strong [Glance]
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{"i18n":{"language":"en_US"},"data":{"share":"https://ttm.financial/m/news/2508018027?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-02-03 13:20","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2508018027","market":"fut","top_or_hot":-1,"title":"Wall Street Girds for Market Impact of Trump Tariffs","media":"Reuters","content":"<html><head></head><body>NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that threaten to undermine economic growth and reignite inflation.U.S. stock futures slumped in Asian hours, with Nasdaq futures down 2.57% and S&amp;P 500 futures 2% lower.Canadian Prime Minister Justin Trudeau announced plans for retaliatory tariffs on imports of goods from the United States, the first of which also would take effect on Tuesday. Claudia Sheinbaum, Mexico&#39;s president, said on social media platform X that she will spell out details of its response on Monday.The two countries and the largest trading partners of the United States. China also said it would take &#34;counter measures,&#34; and the president said Americans may feel &#34;some pain&#34;.U.S. oil prices jumped more than $2 as Asian trade on Monday while gasoline futures jumped more than 3%.Uncertainty over how and for how long the tariffs will be wielded brought fresh upset for markets that were dealt a blow last week as the emergence of China&#39;s DeepSeek AI model hit tech stocks.The White House has not yet published all the details of the tariff plan, leaving questions about their impact and duration, while some analysts continued to game out the chances last-minute negotiations delay or avoid them altogether.Trump&#39;s unspecified &#34;pain&#34; could come in the form of lower U.S. corporate profits and more inflation, potentially upending U.S. interest rate cut expectations, and further weaken currencies such as the Canadian dollar and China&#39;s yuan.&#34;Until now the market has really been on Trump&#39;s side, but that could change and the market could challenge him for the first time,&#34; said Mark Malek, chief investment officer at Siebert Financial in New York.In three executive orders, Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting on Tuesday.<img src=\"https://community-static.tradeup.com/news/1dd41e4242ca1de88b7bd2c98a19f050\" alt=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" title=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" tg-width=\"1420\" tg-height=\"1084\"/>The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and ChinaCanada said it will respond with 25% tariffs against $155 billion of U.S. goods, beginning with $30 billion taking effect Tuesday and $125 billion 21 days later.&#34;It&#39;s negative for CAD, MXN and CNH, as well as overall risk,&#34; Nick Twidale, chief market analyst at ATFX Global in Sydney said referring to the Canadian, Mexican and Chinese currencies.China&#39;s offshore yuan weakened to a record low of 7.3765, while the dollar touched a more than 20-year high against its Canadian counterpart . The dollar also strengthened more than 2% against the Mexican peso.Mexico&#39;s peso would suffer a near-12% fall if the United States hits the country with 25% trade tariffs, JPMorgan estimated in a note published on Friday.<img src=\"https://community-static.tradeup.com/news/2a558dcb320f89a22981d2a97863f258\" alt=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" title=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" tg-width=\"5000\" tg-height=\"3335\"/>A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. The euro slid more than 1% and hit a two-year low.Analysts are also preparing for a selloff in stocks and other higher-risk assets.If tariffs are imposed and look set to stick around, possibly for months, &#34;stocks should sell off although sector sensitivity would vary&#34; Morgan Stanley researchers said in a note.With the S&amp;P 500 near all-time highs, the index could move 3% to 5% in either direction in the short term, Evercore ISI strategists said in a note.<h2 id=\"id_9334060\" style=\"text-align: start;\">TARIFF PAIN</h2>Barclays strategists previously estimated that the tariffs could create a 2.8% drag on S&amp;P 500 company earnings, including the projected fallout from retaliatory measures from the targeted countries.The executive order includes a provision for Trump to increase the size and scope of the tariffs if countries affected seek to retaliate.Goldman Sachs economists have estimated that across-the-board tariffs on Canada and Mexico would imply a 0.7% increase in core inflation and a 0.4% hit to gross domestic product.The bank said in a note on Sunday it expects to update those estimates, and predicted the measures would not be permanent.&#34;In light of their potential economic effects and the fact that the White House has set general conditions for their removal, we think it is more likely that the tariffs will be temporary but the outlook is unclear,&#34; it said in a note.The potential to drive up consumer prices is a particularly sensitive area for investors, who are worried about a revival in inflation causing the Federal Reserve to stop cutting rates.The Fed last week paused its rate-cutting cycle, while Fed Chair Jerome Powell said officials were &#34;waiting to see what policies are enacted&#34; with the new president.European Central Bank policymaker Klaas Knot said on Sunday he expects new tariffs will lead to higher inflation and interest rates in the U.S. that will likely weaken the euro .Assuming tariffs contribute to a surge in inflation, the U.S. central bank is less likely to enact the interest rate cuts markets broadly see as catalysing growth, Capital Economics Chief North America economist Paul Ashworth said in a note.&#34;Under those circumstances, the window for the Fed to resume cutting interest rates at any point over the next 12 to 18 months just slammed shut,&#34; he said.</body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Girds for Market Impact of Trump Tariffs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nReuters \n2025-02-03 13:20\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that threaten to undermine economic growth and reignite inflation.U.S. stock futures slumped in Asian hours, with Nasdaq futures down 2.57% and S&amp;P 500 futures 2% lower.Canadian Prime Minister Justin Trudeau announced plans for retaliatory tariffs on imports of goods from the United States, the first of which also would take effect on Tuesday. Claudia Sheinbaum, Mexico&#39;s president, said on social media platform X that she will spell out details of its response on Monday.The two countries and the largest trading partners of the United States. China also said it would take &#34;counter measures,&#34; and the president said Americans may feel &#34;some pain&#34;.U.S. oil prices jumped more than $2 as Asian trade on Monday while gasoline futures jumped more than 3%.Uncertainty over how and for how long the tariffs will be wielded brought fresh upset for markets that were dealt a blow last week as the emergence of China&#39;s DeepSeek AI model hit tech stocks.The White House has not yet published all the details of the tariff plan, leaving questions about their impact and duration, while some analysts continued to game out the chances last-minute negotiations delay or avoid them altogether.Trump&#39;s unspecified &#34;pain&#34; could come in the form of lower U.S. corporate profits and more inflation, potentially upending U.S. interest rate cut expectations, and further weaken currencies such as the Canadian dollar and China&#39;s yuan.&#34;Until now the market has really been on Trump&#39;s side, but that could change and the market could challenge him for the first time,&#34; said Mark Malek, chief investment officer at Siebert Financial in New York.In three executive orders, Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting on Tuesday.<img src=\"https://community-static.tradeup.com/news/1dd41e4242ca1de88b7bd2c98a19f050\" alt=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" title=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" tg-width=\"1420\" tg-height=\"1084\"/>The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and ChinaCanada said it will respond with 25% tariffs against $155 billion of U.S. goods, beginning with $30 billion taking effect Tuesday and $125 billion 21 days later.&#34;It&#39;s negative for CAD, MXN and CNH, as well as overall risk,&#34; Nick Twidale, chief market analyst at ATFX Global in Sydney said referring to the Canadian, Mexican and Chinese currencies.China&#39;s offshore yuan weakened to a record low of 7.3765, while the dollar touched a more than 20-year high against its Canadian counterpart . The dollar also strengthened more than 2% against the Mexican peso.Mexico&#39;s peso would suffer a near-12% fall if the United States hits the country with 25% trade tariffs, JPMorgan estimated in a note published on Friday.<img src=\"https://community-static.tradeup.com/news/2a558dcb320f89a22981d2a97863f258\" alt=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" title=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" tg-width=\"5000\" tg-height=\"3335\"/>A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. The euro slid more than 1% and hit a two-year low.Analysts are also preparing for a selloff in stocks and other higher-risk assets.If tariffs are imposed and look set to stick around, possibly for months, &#34;stocks should sell off although sector sensitivity would vary&#34; Morgan Stanley researchers said in a note.With the S&amp;P 500 near all-time highs, the index could move 3% to 5% in either direction in the short term, Evercore ISI strategists said in a note.<h2 id=\"id_9334060\" style=\"text-align: start;\">TARIFF PAIN</h2>Barclays strategists previously estimated that the tariffs could create a 2.8% drag on S&amp;P 500 company earnings, including the projected fallout from retaliatory measures from the targeted countries.The executive order includes a provision for Trump to increase the size and scope of the tariffs if countries affected seek to retaliate.Goldman Sachs economists have estimated that across-the-board tariffs on Canada and Mexico would imply a 0.7% increase in core inflation and a 0.4% hit to gross domestic product.The bank said in a note on Sunday it expects to update those estimates, and predicted the measures would not be permanent.&#34;In light of their potential economic effects and the fact that the White House has set general conditions for their removal, we think it is more likely that the tariffs will be temporary but the outlook is unclear,&#34; it said in a note.The potential to drive up consumer prices is a particularly sensitive area for investors, who are worried about a revival in inflation causing the Federal Reserve to stop cutting rates.The Fed last week paused its rate-cutting cycle, while Fed Chair Jerome Powell said officials were &#34;waiting to see what policies are enacted&#34; with the new president.European Central Bank policymaker Klaas Knot said on Sunday he expects new tariffs will lead to higher inflation and interest rates in the U.S. that will likely weaken the euro .Assuming tariffs contribute to a surge in inflation, the U.S. central bank is less likely to enact the interest rate cuts markets broadly see as catalysing growth, Capital Economics Chief North America economist Paul Ashworth said in a note.&#34;Under those circumstances, the window for the Fed to resume cutting interest rates at any point over the next 12 to 18 months just slammed shut,&#34; he said.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"FT_SY_NQ","symbol_name":"NQ100指数","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250202:nL1N3OT02O:1","article_id":"2508018027","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2508018027","pubTimestamp":1738560000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that th","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","BK4127":"投资银行业与经纪业",".IXIC":"NASDAQ Composite"},"translate_title":"华尔街为特朗普关税的市场影响做好准备","themeId":"d6de4827773c3aebc45b91f994114eb6","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ESmain":1.1,".SPX":1.1,".IXIC":1.1,"NQmain":1.1,"YMmain":1.1,".DJI":0.9},"content_text":"NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that threaten to undermine economic growth and reignite inflation.U.S. stock futures slumped in Asian hours, with Nasdaq futures down 2.57% and S&P 500 futures 2% lower.Canadian Prime Minister Justin Trudeau announced plans for retaliatory tariffs on imports of goods from the United States, the first of which also would take effect on Tuesday. Claudia Sheinbaum, Mexico's president, said on social media platform X that she will spell out details of its response on Monday.The two countries and the largest trading partners of the United States. China also said it would take \"counter measures,\" and the president said Americans may feel \"some pain\".U.S. oil prices jumped more than $2 as Asian trade on Monday while gasoline futures jumped more than 3%.Uncertainty over how and for how long the tariffs will be wielded brought fresh upset for markets that were dealt a blow last week as the emergence of China's DeepSeek AI model hit tech stocks.The White House has not yet published all the details of the tariff plan, leaving questions about their impact and duration, while some analysts continued to game out the chances last-minute negotiations delay or avoid them altogether.Trump's unspecified \"pain\" could come in the form of lower U.S. corporate profits and more inflation, potentially upending U.S. interest rate cut expectations, and further weaken currencies such as the Canadian dollar and China's yuan.\"Until now the market has really been on Trump's side, but that could change and the market could challenge him for the first time,\" said Mark Malek, chief investment officer at Siebert Financial in New York.In three executive orders, Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting on Tuesday.The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and ChinaCanada said it will respond with 25% tariffs against $155 billion of U.S. goods, beginning with $30 billion taking effect Tuesday and $125 billion 21 days later.\"It's negative for CAD, MXN and CNH, as well as overall risk,\" Nick Twidale, chief market analyst at ATFX Global in Sydney said referring to the Canadian, Mexican and Chinese currencies.China's offshore yuan weakened to a record low of 7.3765, while the dollar touched a more than 20-year high against its Canadian counterpart . The dollar also strengthened more than 2% against the Mexican peso.Mexico's peso would suffer a near-12% fall if the United States hits the country with 25% trade tariffs, JPMorgan estimated in a note published on Friday.A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. The euro slid more than 1% and hit a two-year low.Analysts are also preparing for a selloff in stocks and other higher-risk assets.If tariffs are imposed and look set to stick around, possibly for months, \"stocks should sell off although sector sensitivity would vary\" Morgan Stanley researchers said in a note.With the S&P 500 near all-time highs, the index could move 3% to 5% in either direction in the short term, Evercore ISI strategists said in a note.TARIFF PAINBarclays strategists previously estimated that the tariffs could create a 2.8% drag on S&P 500 company earnings, including the projected fallout from retaliatory measures from the targeted countries.The executive order includes a provision for Trump to increase the size and scope of the tariffs if countries affected seek to retaliate.Goldman Sachs economists have estimated that across-the-board tariffs on Canada and Mexico would imply a 0.7% increase in core inflation and a 0.4% hit to gross domestic product.The bank said in a note on Sunday it expects to update those estimates, and predicted the measures would not be permanent.\"In light of their potential economic effects and the fact that the White House has set general conditions for their removal, we think it is more likely that the tariffs will be temporary but the outlook is unclear,\" it said in a note.The potential to drive up consumer prices is a particularly sensitive area for investors, who are worried about a revival in inflation causing the Federal Reserve to stop cutting rates.The Fed last week paused its rate-cutting cycle, while Fed Chair Jerome Powell said officials were \"waiting to see what policies are enacted\" with the new president.European Central Bank policymaker Klaas Knot said on Sunday he expects new tariffs will lead to higher inflation and interest rates in the U.S. that will likely weaken the euro .Assuming tariffs contribute to a surge in inflation, the U.S. central bank is less likely to enact the interest rate cuts markets broadly see as catalysing growth, Capital Economics Chief North America economist Paul Ashworth said in a note.\"Under those circumstances, the window for the Fed to resume cutting interest rates at any point over the next 12 to 18 months just slammed shut,\" he said.","kind":"highlight","is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":true,"code":"91000000","status":"200"},"commentList":[{"id":399448330945056,"gmtCreate":1738562164488,"gmtModify":1738590242973,"author":{"id":"4142648172044492","authorId":"4142648172044492","name":"ZhongRenChun","avatar":"https://community-static.tradeup.com/news/626c9b2d6a6580aa7acb2f7bf1552413","vip":1,"hat":"https://static.tigerbbs.com/306aa047bc14b6942cda1aed925cf8c3","crmLevel":11,"crmLevelSwitch":1,"idStr":"4142648172044492","authorIdStr":"4142648172044492"},"htmlText":"Ban Intel and Nvidia.&nbsp; Support canada AMD.","listText":"Ban Intel and Nvidia.&nbsp; Support canada AMD.","text":"Ban Intel and Nvidia. Support canada AMD.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/399448330945056","repostId":2508018027,"repostType":2,"repost":{"id":"2508018027","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1738560000,"share":"https://ttm.financial/m/news/2508018027?lang=en_US&edition=fundamental","pubTime":"2025-02-03 13:20","market":"fut","language":"en","title":"Wall Street Girds for Market Impact of Trump Tariffs","url":"https://stock-news.laohu8.com/highlight/detail?id=2508018027","media":"Reuters","summary":"NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that th","content":"<html><head></head><body>NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that threaten to undermine economic growth and reignite inflation.U.S. stock futures slumped in Asian hours, with Nasdaq futures down 2.57% and S&amp;P 500 futures 2% lower.Canadian Prime Minister Justin Trudeau announced plans for retaliatory tariffs on imports of goods from the United States, the first of which also would take effect on Tuesday. Claudia Sheinbaum, Mexico&#39;s president, said on social media platform X that she will spell out details of its response on Monday.The two countries and the largest trading partners of the United States. China also said it would take &#34;counter measures,&#34; and the president said Americans may feel &#34;some pain&#34;.U.S. oil prices jumped more than $2 as Asian trade on Monday while gasoline futures jumped more than 3%.Uncertainty over how and for how long the tariffs will be wielded brought fresh upset for markets that were dealt a blow last week as the emergence of China&#39;s DeepSeek AI model hit tech stocks.The White House has not yet published all the details of the tariff plan, leaving questions about their impact and duration, while some analysts continued to game out the chances last-minute negotiations delay or avoid them altogether.Trump&#39;s unspecified &#34;pain&#34; could come in the form of lower U.S. corporate profits and more inflation, potentially upending U.S. interest rate cut expectations, and further weaken currencies such as the Canadian dollar and China&#39;s yuan.&#34;Until now the market has really been on Trump&#39;s side, but that could change and the market could challenge him for the first time,&#34; said Mark Malek, chief investment officer at Siebert Financial in New York.In three executive orders, Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting on Tuesday.<img src=\"https://community-static.tradeup.com/news/1dd41e4242ca1de88b7bd2c98a19f050\" alt=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" title=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" tg-width=\"1420\" tg-height=\"1084\"/>The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and ChinaCanada said it will respond with 25% tariffs against $155 billion of U.S. goods, beginning with $30 billion taking effect Tuesday and $125 billion 21 days later.&#34;It&#39;s negative for CAD, MXN and CNH, as well as overall risk,&#34; Nick Twidale, chief market analyst at ATFX Global in Sydney said referring to the Canadian, Mexican and Chinese currencies.China&#39;s offshore yuan weakened to a record low of 7.3765, while the dollar touched a more than 20-year high against its Canadian counterpart . The dollar also strengthened more than 2% against the Mexican peso.Mexico&#39;s peso would suffer a near-12% fall if the United States hits the country with 25% trade tariffs, JPMorgan estimated in a note published on Friday.<img src=\"https://community-static.tradeup.com/news/2a558dcb320f89a22981d2a97863f258\" alt=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" title=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" tg-width=\"5000\" tg-height=\"3335\"/>A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. The euro slid more than 1% and hit a two-year low.Analysts are also preparing for a selloff in stocks and other higher-risk assets.If tariffs are imposed and look set to stick around, possibly for months, &#34;stocks should sell off although sector sensitivity would vary&#34; Morgan Stanley researchers said in a note.With the S&amp;P 500 near all-time highs, the index could move 3% to 5% in either direction in the short term, Evercore ISI strategists said in a note.<h2 id=\"id_9334060\" style=\"text-align: start;\">TARIFF PAIN</h2>Barclays strategists previously estimated that the tariffs could create a 2.8% drag on S&amp;P 500 company earnings, including the projected fallout from retaliatory measures from the targeted countries.The executive order includes a provision for Trump to increase the size and scope of the tariffs if countries affected seek to retaliate.Goldman Sachs economists have estimated that across-the-board tariffs on Canada and Mexico would imply a 0.7% increase in core inflation and a 0.4% hit to gross domestic product.The bank said in a note on Sunday it expects to update those estimates, and predicted the measures would not be permanent.&#34;In light of their potential economic effects and the fact that the White House has set general conditions for their removal, we think it is more likely that the tariffs will be temporary but the outlook is unclear,&#34; it said in a note.The potential to drive up consumer prices is a particularly sensitive area for investors, who are worried about a revival in inflation causing the Federal Reserve to stop cutting rates.The Fed last week paused its rate-cutting cycle, while Fed Chair Jerome Powell said officials were &#34;waiting to see what policies are enacted&#34; with the new president.European Central Bank policymaker Klaas Knot said on Sunday he expects new tariffs will lead to higher inflation and interest rates in the U.S. that will likely weaken the euro .Assuming tariffs contribute to a surge in inflation, the U.S. central bank is less likely to enact the interest rate cuts markets broadly see as catalysing growth, Capital Economics Chief North America economist Paul Ashworth said in a note.&#34;Under those circumstances, the window for the Fed to resume cutting interest rates at any point over the next 12 to 18 months just slammed shut,&#34; he said.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Girds for Market Impact of Trump Tariffs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Girds for Market Impact of Trump Tariffs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nReuters \n2025-02-03 13:20\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that threaten to undermine economic growth and reignite inflation.U.S. stock futures slumped in Asian hours, with Nasdaq futures down 2.57% and S&amp;P 500 futures 2% lower.Canadian Prime Minister Justin Trudeau announced plans for retaliatory tariffs on imports of goods from the United States, the first of which also would take effect on Tuesday. Claudia Sheinbaum, Mexico&#39;s president, said on social media platform X that she will spell out details of its response on Monday.The two countries and the largest trading partners of the United States. China also said it would take &#34;counter measures,&#34; and the president said Americans may feel &#34;some pain&#34;.U.S. oil prices jumped more than $2 as Asian trade on Monday while gasoline futures jumped more than 3%.Uncertainty over how and for how long the tariffs will be wielded brought fresh upset for markets that were dealt a blow last week as the emergence of China&#39;s DeepSeek AI model hit tech stocks.The White House has not yet published all the details of the tariff plan, leaving questions about their impact and duration, while some analysts continued to game out the chances last-minute negotiations delay or avoid them altogether.Trump&#39;s unspecified &#34;pain&#34; could come in the form of lower U.S. corporate profits and more inflation, potentially upending U.S. interest rate cut expectations, and further weaken currencies such as the Canadian dollar and China&#39;s yuan.&#34;Until now the market has really been on Trump&#39;s side, but that could change and the market could challenge him for the first time,&#34; said Mark Malek, chief investment officer at Siebert Financial in New York.In three executive orders, Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting on Tuesday.<img src=\"https://community-static.tradeup.com/news/1dd41e4242ca1de88b7bd2c98a19f050\" alt=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" title=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" tg-width=\"1420\" tg-height=\"1084\"/>The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and ChinaCanada said it will respond with 25% tariffs against $155 billion of U.S. goods, beginning with $30 billion taking effect Tuesday and $125 billion 21 days later.&#34;It&#39;s negative for CAD, MXN and CNH, as well as overall risk,&#34; Nick Twidale, chief market analyst at ATFX Global in Sydney said referring to the Canadian, Mexican and Chinese currencies.China&#39;s offshore yuan weakened to a record low of 7.3765, while the dollar touched a more than 20-year high against its Canadian counterpart . The dollar also strengthened more than 2% against the Mexican peso.Mexico&#39;s peso would suffer a near-12% fall if the United States hits the country with 25% trade tariffs, JPMorgan estimated in a note published on Friday.<img src=\"https://community-static.tradeup.com/news/2a558dcb320f89a22981d2a97863f258\" alt=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" title=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" tg-width=\"5000\" tg-height=\"3335\"/>A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. The euro slid more than 1% and hit a two-year low.Analysts are also preparing for a selloff in stocks and other higher-risk assets.If tariffs are imposed and look set to stick around, possibly for months, &#34;stocks should sell off although sector sensitivity would vary&#34; Morgan Stanley researchers said in a note.With the S&amp;P 500 near all-time highs, the index could move 3% to 5% in either direction in the short term, Evercore ISI strategists said in a note.<h2 id=\"id_9334060\" style=\"text-align: start;\">TARIFF PAIN</h2>Barclays strategists previously estimated that the tariffs could create a 2.8% drag on S&amp;P 500 company earnings, including the projected fallout from retaliatory measures from the targeted countries.The executive order includes a provision for Trump to increase the size and scope of the tariffs if countries affected seek to retaliate.Goldman Sachs economists have estimated that across-the-board tariffs on Canada and Mexico would imply a 0.7% increase in core inflation and a 0.4% hit to gross domestic product.The bank said in a note on Sunday it expects to update those estimates, and predicted the measures would not be permanent.&#34;In light of their potential economic effects and the fact that the White House has set general conditions for their removal, we think it is more likely that the tariffs will be temporary but the outlook is unclear,&#34; it said in a note.The potential to drive up consumer prices is a particularly sensitive area for investors, who are worried about a revival in inflation causing the Federal Reserve to stop cutting rates.The Fed last week paused its rate-cutting cycle, while Fed Chair Jerome Powell said officials were &#34;waiting to see what policies are enacted&#34; with the new president.European Central Bank policymaker Klaas Knot said on Sunday he expects new tariffs will lead to higher inflation and interest rates in the U.S. that will likely weaken the euro .Assuming tariffs contribute to a surge in inflation, the U.S. central bank is less likely to enact the interest rate cuts markets broadly see as catalysing growth, Capital Economics Chief North America economist Paul Ashworth said in a note.&#34;Under those circumstances, the window for the Fed to resume cutting interest rates at any point over the next 12 to 18 months just slammed shut,&#34; he said.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","BK4127":"投资银行业与经纪业",".IXIC":"NASDAQ Composite"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250202:nL1N3OT02O:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2508018027","content_text":"NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that threaten to undermine economic growth and reignite inflation.U.S. stock futures slumped in Asian hours, with Nasdaq futures down 2.57% and S&P 500 futures 2% lower.Canadian Prime Minister Justin Trudeau announced plans for retaliatory tariffs on imports of goods from the United States, the first of which also would take effect on Tuesday. Claudia Sheinbaum, Mexico's president, said on social media platform X that she will spell out details of its response on Monday.The two countries and the largest trading partners of the United States. China also said it would take \"counter measures,\" and the president said Americans may feel \"some pain\".U.S. oil prices jumped more than $2 as Asian trade on Monday while gasoline futures jumped more than 3%.Uncertainty over how and for how long the tariffs will be wielded brought fresh upset for markets that were dealt a blow last week as the emergence of China's DeepSeek AI model hit tech stocks.The White House has not yet published all the details of the tariff plan, leaving questions about their impact and duration, while some analysts continued to game out the chances last-minute negotiations delay or avoid them altogether.Trump's unspecified \"pain\" could come in the form of lower U.S. corporate profits and more inflation, potentially upending U.S. interest rate cut expectations, and further weaken currencies such as the Canadian dollar and China's yuan.\"Until now the market has really been on Trump's side, but that could change and the market could challenge him for the first time,\" said Mark Malek, chief investment officer at Siebert Financial in New York.In three executive orders, Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting on Tuesday.The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and ChinaCanada said it will respond with 25% tariffs against $155 billion of U.S. goods, beginning with $30 billion taking effect Tuesday and $125 billion 21 days later.\"It's negative for CAD, MXN and CNH, as well as overall risk,\" Nick Twidale, chief market analyst at ATFX Global in Sydney said referring to the Canadian, Mexican and Chinese currencies.China's offshore yuan weakened to a record low of 7.3765, while the dollar touched a more than 20-year high against its Canadian counterpart . The dollar also strengthened more than 2% against the Mexican peso.Mexico's peso would suffer a near-12% fall if the United States hits the country with 25% trade tariffs, JPMorgan estimated in a note published on Friday.A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. The euro slid more than 1% and hit a two-year low.Analysts are also preparing for a selloff in stocks and other higher-risk assets.If tariffs are imposed and look set to stick around, possibly for months, \"stocks should sell off although sector sensitivity would vary\" Morgan Stanley researchers said in a note.With the S&P 500 near all-time highs, the index could move 3% to 5% in either direction in the short term, Evercore ISI strategists said in a note.TARIFF PAINBarclays strategists previously estimated that the tariffs could create a 2.8% drag on S&P 500 company earnings, including the projected fallout from retaliatory measures from the targeted countries.The executive order includes a provision for Trump to increase the size and scope of the tariffs if countries affected seek to retaliate.Goldman Sachs economists have estimated that across-the-board tariffs on Canada and Mexico would imply a 0.7% increase in core inflation and a 0.4% hit to gross domestic product.The bank said in a note on Sunday it expects to update those estimates, and predicted the measures would not be permanent.\"In light of their potential economic effects and the fact that the White House has set general conditions for their removal, we think it is more likely that the tariffs will be temporary but the outlook is unclear,\" it said in a note.The potential to drive up consumer prices is a particularly sensitive area for investors, who are worried about a revival in inflation causing the Federal Reserve to stop cutting rates.The Fed last week paused its rate-cutting cycle, while Fed Chair Jerome Powell said officials were \"waiting to see what policies are enacted\" with the new president.European Central Bank policymaker Klaas Knot said on Sunday he expects new tariffs will lead to higher inflation and interest rates in the U.S. that will likely weaken the euro .Assuming tariffs contribute to a surge in inflation, the U.S. central bank is less likely to enact the interest rate cuts markets broadly see as catalysing growth, Capital Economics Chief North America economist Paul Ashworth said in a note.\"Under those circumstances, the window for the Fed to resume cutting interest rates at any point over the next 12 to 18 months just slammed shut,\" he said.","news_type":1,"symbols_score_info":{"ESmain":1.1,".SPX":1.1,".IXIC":1.1,"NQmain":1.1,"YMmain":1.1,".DJI":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":399510036820352,"gmtCreate":1738561649070,"gmtModify":1738561844869,"author":{"id":"3567852837945728","authorId":"3567852837945728","name":"setia100","avatar":"https://community-static.tradeup.com/news/5d07af59743ad001196b7aca5f1726d7","vip":1,"crmLevel":12,"crmLevelSwitch":0,"idStr":"3567852837945728","authorIdStr":"3567852837945728"},"htmlText":"Online &amp; offline retail business like Amazon, Walmart, Target &amp; etc may gain by immediate prices adjustments to new tariffs despite old inventory.&nbsp; Next month inflation stats would shoot up. FED would be in limbo to hold back the rate or decrease it❗","listText":"Online &amp; offline retail business like Amazon, Walmart, Target &amp; etc may gain by immediate prices adjustments to new tariffs despite old inventory.&nbsp; Next month inflation stats would shoot up. FED would be in limbo to hold back the rate or decrease it❗","text":"Online & offline retail business like Amazon, Walmart, Target & etc may gain by immediate prices adjustments to new tariffs despite old inventory. Next month inflation stats would shoot up. FED would be in limbo to hold back the rate or decrease it❗","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/399510036820352","repostId":2508018027,"repostType":2,"repost":{"id":"2508018027","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1738560000,"share":"https://ttm.financial/m/news/2508018027?lang=en_US&edition=fundamental","pubTime":"2025-02-03 13:20","market":"fut","language":"en","title":"Wall Street Girds for Market Impact of Trump Tariffs","url":"https://stock-news.laohu8.com/highlight/detail?id=2508018027","media":"Reuters","summary":"NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that th","content":"<html><head></head><body>NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that threaten to undermine economic growth and reignite inflation.U.S. stock futures slumped in Asian hours, with Nasdaq futures down 2.57% and S&amp;P 500 futures 2% lower.Canadian Prime Minister Justin Trudeau announced plans for retaliatory tariffs on imports of goods from the United States, the first of which also would take effect on Tuesday. Claudia Sheinbaum, Mexico&#39;s president, said on social media platform X that she will spell out details of its response on Monday.The two countries and the largest trading partners of the United States. China also said it would take &#34;counter measures,&#34; and the president said Americans may feel &#34;some pain&#34;.U.S. oil prices jumped more than $2 as Asian trade on Monday while gasoline futures jumped more than 3%.Uncertainty over how and for how long the tariffs will be wielded brought fresh upset for markets that were dealt a blow last week as the emergence of China&#39;s DeepSeek AI model hit tech stocks.The White House has not yet published all the details of the tariff plan, leaving questions about their impact and duration, while some analysts continued to game out the chances last-minute negotiations delay or avoid them altogether.Trump&#39;s unspecified &#34;pain&#34; could come in the form of lower U.S. corporate profits and more inflation, potentially upending U.S. interest rate cut expectations, and further weaken currencies such as the Canadian dollar and China&#39;s yuan.&#34;Until now the market has really been on Trump&#39;s side, but that could change and the market could challenge him for the first time,&#34; said Mark Malek, chief investment officer at Siebert Financial in New York.In three executive orders, Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting on Tuesday.<img src=\"https://community-static.tradeup.com/news/1dd41e4242ca1de88b7bd2c98a19f050\" alt=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" title=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" tg-width=\"1420\" tg-height=\"1084\"/>The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and ChinaCanada said it will respond with 25% tariffs against $155 billion of U.S. goods, beginning with $30 billion taking effect Tuesday and $125 billion 21 days later.&#34;It&#39;s negative for CAD, MXN and CNH, as well as overall risk,&#34; Nick Twidale, chief market analyst at ATFX Global in Sydney said referring to the Canadian, Mexican and Chinese currencies.China&#39;s offshore yuan weakened to a record low of 7.3765, while the dollar touched a more than 20-year high against its Canadian counterpart . The dollar also strengthened more than 2% against the Mexican peso.Mexico&#39;s peso would suffer a near-12% fall if the United States hits the country with 25% trade tariffs, JPMorgan estimated in a note published on Friday.<img src=\"https://community-static.tradeup.com/news/2a558dcb320f89a22981d2a97863f258\" alt=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" title=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" tg-width=\"5000\" tg-height=\"3335\"/>A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. The euro slid more than 1% and hit a two-year low.Analysts are also preparing for a selloff in stocks and other higher-risk assets.If tariffs are imposed and look set to stick around, possibly for months, &#34;stocks should sell off although sector sensitivity would vary&#34; Morgan Stanley researchers said in a note.With the S&amp;P 500 near all-time highs, the index could move 3% to 5% in either direction in the short term, Evercore ISI strategists said in a note.<h2 id=\"id_9334060\" style=\"text-align: start;\">TARIFF PAIN</h2>Barclays strategists previously estimated that the tariffs could create a 2.8% drag on S&amp;P 500 company earnings, including the projected fallout from retaliatory measures from the targeted countries.The executive order includes a provision for Trump to increase the size and scope of the tariffs if countries affected seek to retaliate.Goldman Sachs economists have estimated that across-the-board tariffs on Canada and Mexico would imply a 0.7% increase in core inflation and a 0.4% hit to gross domestic product.The bank said in a note on Sunday it expects to update those estimates, and predicted the measures would not be permanent.&#34;In light of their potential economic effects and the fact that the White House has set general conditions for their removal, we think it is more likely that the tariffs will be temporary but the outlook is unclear,&#34; it said in a note.The potential to drive up consumer prices is a particularly sensitive area for investors, who are worried about a revival in inflation causing the Federal Reserve to stop cutting rates.The Fed last week paused its rate-cutting cycle, while Fed Chair Jerome Powell said officials were &#34;waiting to see what policies are enacted&#34; with the new president.European Central Bank policymaker Klaas Knot said on Sunday he expects new tariffs will lead to higher inflation and interest rates in the U.S. that will likely weaken the euro .Assuming tariffs contribute to a surge in inflation, the U.S. central bank is less likely to enact the interest rate cuts markets broadly see as catalysing growth, Capital Economics Chief North America economist Paul Ashworth said in a note.&#34;Under those circumstances, the window for the Fed to resume cutting interest rates at any point over the next 12 to 18 months just slammed shut,&#34; he said.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street Girds for Market Impact of Trump Tariffs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street Girds for Market Impact of Trump Tariffs\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nReuters \n2025-02-03 13:20\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body>NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that threaten to undermine economic growth and reignite inflation.U.S. stock futures slumped in Asian hours, with Nasdaq futures down 2.57% and S&amp;P 500 futures 2% lower.Canadian Prime Minister Justin Trudeau announced plans for retaliatory tariffs on imports of goods from the United States, the first of which also would take effect on Tuesday. Claudia Sheinbaum, Mexico&#39;s president, said on social media platform X that she will spell out details of its response on Monday.The two countries and the largest trading partners of the United States. China also said it would take &#34;counter measures,&#34; and the president said Americans may feel &#34;some pain&#34;.U.S. oil prices jumped more than $2 as Asian trade on Monday while gasoline futures jumped more than 3%.Uncertainty over how and for how long the tariffs will be wielded brought fresh upset for markets that were dealt a blow last week as the emergence of China&#39;s DeepSeek AI model hit tech stocks.The White House has not yet published all the details of the tariff plan, leaving questions about their impact and duration, while some analysts continued to game out the chances last-minute negotiations delay or avoid them altogether.Trump&#39;s unspecified &#34;pain&#34; could come in the form of lower U.S. corporate profits and more inflation, potentially upending U.S. interest rate cut expectations, and further weaken currencies such as the Canadian dollar and China&#39;s yuan.&#34;Until now the market has really been on Trump&#39;s side, but that could change and the market could challenge him for the first time,&#34; said Mark Malek, chief investment officer at Siebert Financial in New York.In three executive orders, Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting on Tuesday.<img src=\"https://community-static.tradeup.com/news/1dd41e4242ca1de88b7bd2c98a19f050\" alt=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" title=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" tg-width=\"1420\" tg-height=\"1084\"/>The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and ChinaCanada said it will respond with 25% tariffs against $155 billion of U.S. goods, beginning with $30 billion taking effect Tuesday and $125 billion 21 days later.&#34;It&#39;s negative for CAD, MXN and CNH, as well as overall risk,&#34; Nick Twidale, chief market analyst at ATFX Global in Sydney said referring to the Canadian, Mexican and Chinese currencies.China&#39;s offshore yuan weakened to a record low of 7.3765, while the dollar touched a more than 20-year high against its Canadian counterpart . The dollar also strengthened more than 2% against the Mexican peso.Mexico&#39;s peso would suffer a near-12% fall if the United States hits the country with 25% trade tariffs, JPMorgan estimated in a note published on Friday.<img src=\"https://community-static.tradeup.com/news/2a558dcb320f89a22981d2a97863f258\" alt=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" title=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" tg-width=\"5000\" tg-height=\"3335\"/>A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. The euro slid more than 1% and hit a two-year low.Analysts are also preparing for a selloff in stocks and other higher-risk assets.If tariffs are imposed and look set to stick around, possibly for months, &#34;stocks should sell off although sector sensitivity would vary&#34; Morgan Stanley researchers said in a note.With the S&amp;P 500 near all-time highs, the index could move 3% to 5% in either direction in the short term, Evercore ISI strategists said in a note.<h2 id=\"id_9334060\" style=\"text-align: start;\">TARIFF PAIN</h2>Barclays strategists previously estimated that the tariffs could create a 2.8% drag on S&amp;P 500 company earnings, including the projected fallout from retaliatory measures from the targeted countries.The executive order includes a provision for Trump to increase the size and scope of the tariffs if countries affected seek to retaliate.Goldman Sachs economists have estimated that across-the-board tariffs on Canada and Mexico would imply a 0.7% increase in core inflation and a 0.4% hit to gross domestic product.The bank said in a note on Sunday it expects to update those estimates, and predicted the measures would not be permanent.&#34;In light of their potential economic effects and the fact that the White House has set general conditions for their removal, we think it is more likely that the tariffs will be temporary but the outlook is unclear,&#34; it said in a note.The potential to drive up consumer prices is a particularly sensitive area for investors, who are worried about a revival in inflation causing the Federal Reserve to stop cutting rates.The Fed last week paused its rate-cutting cycle, while Fed Chair Jerome Powell said officials were &#34;waiting to see what policies are enacted&#34; with the new president.European Central Bank policymaker Klaas Knot said on Sunday he expects new tariffs will lead to higher inflation and interest rates in the U.S. that will likely weaken the euro .Assuming tariffs contribute to a surge in inflation, the U.S. central bank is less likely to enact the interest rate cuts markets broadly see as catalysing growth, Capital Economics Chief North America economist Paul Ashworth said in a note.&#34;Under those circumstances, the window for the Fed to resume cutting interest rates at any point over the next 12 to 18 months just slammed shut,&#34; he said.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","BK4127":"投资银行业与经纪业",".IXIC":"NASDAQ Composite"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250202:nL1N3OT02O:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2508018027","content_text":"NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that threaten to undermine economic growth and reignite inflation.U.S. stock futures slumped in Asian hours, with Nasdaq futures down 2.57% and S&P 500 futures 2% lower.Canadian Prime Minister Justin Trudeau announced plans for retaliatory tariffs on imports of goods from the United States, the first of which also would take effect on Tuesday. Claudia Sheinbaum, Mexico's president, said on social media platform X that she will spell out details of its response on Monday.The two countries and the largest trading partners of the United States. China also said it would take \"counter measures,\" and the president said Americans may feel \"some pain\".U.S. oil prices jumped more than $2 as Asian trade on Monday while gasoline futures jumped more than 3%.Uncertainty over how and for how long the tariffs will be wielded brought fresh upset for markets that were dealt a blow last week as the emergence of China's DeepSeek AI model hit tech stocks.The White House has not yet published all the details of the tariff plan, leaving questions about their impact and duration, while some analysts continued to game out the chances last-minute negotiations delay or avoid them altogether.Trump's unspecified \"pain\" could come in the form of lower U.S. corporate profits and more inflation, potentially upending U.S. interest rate cut expectations, and further weaken currencies such as the Canadian dollar and China's yuan.\"Until now the market has really been on Trump's side, but that could change and the market could challenge him for the first time,\" said Mark Malek, chief investment officer at Siebert Financial in New York.In three executive orders, Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting on Tuesday.The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and ChinaCanada said it will respond with 25% tariffs against $155 billion of U.S. goods, beginning with $30 billion taking effect Tuesday and $125 billion 21 days later.\"It's negative for CAD, MXN and CNH, as well as overall risk,\" Nick Twidale, chief market analyst at ATFX Global in Sydney said referring to the Canadian, Mexican and Chinese currencies.China's offshore yuan weakened to a record low of 7.3765, while the dollar touched a more than 20-year high against its Canadian counterpart . The dollar also strengthened more than 2% against the Mexican peso.Mexico's peso would suffer a near-12% fall if the United States hits the country with 25% trade tariffs, JPMorgan estimated in a note published on Friday.A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. The euro slid more than 1% and hit a two-year low.Analysts are also preparing for a selloff in stocks and other higher-risk assets.If tariffs are imposed and look set to stick around, possibly for months, \"stocks should sell off although sector sensitivity would vary\" Morgan Stanley researchers said in a note.With the S&P 500 near all-time highs, the index could move 3% to 5% in either direction in the short term, Evercore ISI strategists said in a note.TARIFF PAINBarclays strategists previously estimated that the tariffs could create a 2.8% drag on S&P 500 company earnings, including the projected fallout from retaliatory measures from the targeted countries.The executive order includes a provision for Trump to increase the size and scope of the tariffs if countries affected seek to retaliate.Goldman Sachs economists have estimated that across-the-board tariffs on Canada and Mexico would imply a 0.7% increase in core inflation and a 0.4% hit to gross domestic product.The bank said in a note on Sunday it expects to update those estimates, and predicted the measures would not be permanent.\"In light of their potential economic effects and the fact that the White House has set general conditions for their removal, we think it is more likely that the tariffs will be temporary but the outlook is unclear,\" it said in a note.The potential to drive up consumer prices is a particularly sensitive area for investors, who are worried about a revival in inflation causing the Federal Reserve to stop cutting rates.The Fed last week paused its rate-cutting cycle, while Fed Chair Jerome Powell said officials were \"waiting to see what policies are enacted\" with the new president.European Central Bank policymaker Klaas Knot said on Sunday he expects new tariffs will lead to higher inflation and interest rates in the U.S. that will likely weaken the euro .Assuming tariffs contribute to a surge in inflation, the U.S. central bank is less likely to enact the interest rate cuts markets broadly see as catalysing growth, Capital Economics Chief North America economist Paul Ashworth said in a note.\"Under those circumstances, the window for the Fed to resume cutting interest rates at any point over the next 12 to 18 months just slammed shut,\" he said.","news_type":1,"symbols_score_info":{"ESmain":1.1,".SPX":1.1,".IXIC":1.1,"NQmain":1.1,"YMmain":1.1,".DJI":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":399506137576048,"gmtCreate":1738560987310,"gmtModify":1738560990284,"author":{"id":"4131703342800552","authorId":"4131703342800552","name":"neo26000","avatar":"https://community-static.tradeup.com/news/11d50ec0d6202770a8629aa7f06a5d4f","vip":1,"hat":"https://static.tigerbbs.com/f3e7f6253c885de8bad6403055b76aab","crmLevel":12,"crmLevelSwitch":1,"idStr":"4131703342800552","authorIdStr":"4131703342800552"},"htmlText":"The verb \"gird,\" which means to prepare oneself for something challenging (e.g., \"He girded himself for battle\") ...my England not so strong&nbsp;[Glance]&nbsp;&nbsp;","listText":"The verb \"gird,\" which means to prepare oneself for something challenging (e.g., \"He girded himself for battle\") ...my England not so strong&nbsp;[Glance]&nbsp;&nbsp;","text":"The verb \"gird,\" which means to prepare oneself for something challenging (e.g., \"He girded himself for battle\") ...my England not so strong [Glance]","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/399506137576048","repostId":2508018027,"repostType":4,"repost":{"id":"2508018027","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"pubTimestamp":1738560000,"share":"https://ttm.financial/m/news/2508018027?lang=en_US&edition=fundamental","pubTime":"2025-02-03 13:20","market":"fut","language":"en","title":"Wall Street Girds for Market Impact of Trump Tariffs","url":"https://stock-news.laohu8.com/highlight/detail?id=2508018027","media":"Reuters","summary":"NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that th","content":"<html><head></head><body>NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that threaten to undermine economic growth and reignite inflation.U.S. stock futures slumped in Asian hours, with Nasdaq futures down 2.57% and S&amp;P 500 futures 2% lower.Canadian Prime Minister Justin Trudeau announced plans for retaliatory tariffs on imports of goods from the United States, the first of which also would take effect on Tuesday. Claudia Sheinbaum, Mexico&#39;s president, said on social media platform X that she will spell out details of its response on Monday.The two countries and the largest trading partners of the United States. China also said it would take &#34;counter measures,&#34; and the president said Americans may feel &#34;some pain&#34;.U.S. oil prices jumped more than $2 as Asian trade on Monday while gasoline futures jumped more than 3%.Uncertainty over how and for how long the tariffs will be wielded brought fresh upset for markets that were dealt a blow last week as the emergence of China&#39;s DeepSeek AI model hit tech stocks.The White House has not yet published all the details of the tariff plan, leaving questions about their impact and duration, while some analysts continued to game out the chances last-minute negotiations delay or avoid them altogether.Trump&#39;s unspecified &#34;pain&#34; could come in the form of lower U.S. corporate profits and more inflation, potentially upending U.S. interest rate cut expectations, and further weaken currencies such as the Canadian dollar and China&#39;s yuan.&#34;Until now the market has really been on Trump&#39;s side, but that could change and the market could challenge him for the first time,&#34; said Mark Malek, chief investment officer at Siebert Financial in New York.In three executive orders, Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting on Tuesday.<img src=\"https://community-static.tradeup.com/news/1dd41e4242ca1de88b7bd2c98a19f050\" alt=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" title=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" tg-width=\"1420\" tg-height=\"1084\"/>The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and ChinaCanada said it will respond with 25% tariffs against $155 billion of U.S. goods, beginning with $30 billion taking effect Tuesday and $125 billion 21 days later.&#34;It&#39;s negative for CAD, MXN and CNH, as well as overall risk,&#34; Nick Twidale, chief market analyst at ATFX Global in Sydney said referring to the Canadian, Mexican and Chinese currencies.China&#39;s offshore yuan weakened to a record low of 7.3765, while the dollar touched a more than 20-year high against its Canadian counterpart . The dollar also strengthened more than 2% against the Mexican peso.Mexico&#39;s peso would suffer a near-12% fall if the United States hits the country with 25% trade tariffs, JPMorgan estimated in a note published on Friday.<img src=\"https://community-static.tradeup.com/news/2a558dcb320f89a22981d2a97863f258\" alt=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" title=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" tg-width=\"5000\" tg-height=\"3335\"/>A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. The euro slid more than 1% and hit a two-year low.Analysts are also preparing for a selloff in stocks and other higher-risk assets.If tariffs are imposed and look set to stick around, possibly for months, &#34;stocks should sell off although sector sensitivity would vary&#34; Morgan Stanley researchers said in a note.With the S&amp;P 500 near all-time highs, the index could move 3% to 5% in either direction in the short term, Evercore ISI strategists said in a note.<h2 id=\"id_9334060\" style=\"text-align: start;\">TARIFF PAIN</h2>Barclays strategists previously estimated that the tariffs could create a 2.8% drag on S&amp;P 500 company earnings, including the projected fallout from retaliatory measures from the targeted countries.The executive order includes a provision for Trump to increase the size and scope of the tariffs if countries affected seek to retaliate.Goldman Sachs economists have estimated that across-the-board tariffs on Canada and Mexico would imply a 0.7% increase in core inflation and a 0.4% hit to gross domestic product.The bank said in a note on Sunday it expects to update those estimates, and predicted the measures would not be permanent.&#34;In light of their potential economic effects and the fact that the White House has set general conditions for their removal, we think it is more likely that the tariffs will be temporary but the outlook is unclear,&#34; it said in a note.The potential to drive up consumer prices is a particularly sensitive area for investors, who are worried about a revival in inflation causing the Federal Reserve to stop cutting rates.The Fed last week paused its rate-cutting cycle, while Fed Chair Jerome Powell said officials were &#34;waiting to see what policies are enacted&#34; with the new president.European Central Bank policymaker Klaas Knot said on Sunday he expects new tariffs will lead to higher inflation and interest rates in the U.S. that will likely weaken the euro .Assuming tariffs contribute to a surge in inflation, the U.S. central bank is less likely to enact the interest rate cuts markets broadly see as catalysing growth, Capital Economics Chief North America economist Paul Ashworth said in a note.&#34;Under those circumstances, the window for the Fed to resume cutting interest rates at any point over the next 12 to 18 months just slammed shut,&#34; he said.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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Claudia Sheinbaum, Mexico&#39;s president, said on social media platform X that she will spell out details of its response on Monday.The two countries and the largest trading partners of the United States. China also said it would take &#34;counter measures,&#34; and the president said Americans may feel &#34;some pain&#34;.U.S. oil prices jumped more than $2 as Asian trade on Monday while gasoline futures jumped more than 3%.Uncertainty over how and for how long the tariffs will be wielded brought fresh upset for markets that were dealt a blow last week as the emergence of China&#39;s DeepSeek AI model hit tech stocks.The White House has not yet published all the details of the tariff plan, leaving questions about their impact and duration, while some analysts continued to game out the chances last-minute negotiations delay or avoid them altogether.Trump&#39;s unspecified &#34;pain&#34; could come in the form of lower U.S. corporate profits and more inflation, potentially upending U.S. interest rate cut expectations, and further weaken currencies such as the Canadian dollar and China&#39;s yuan.&#34;Until now the market has really been on Trump&#39;s side, but that could change and the market could challenge him for the first time,&#34; said Mark Malek, chief investment officer at Siebert Financial in New York.In three executive orders, Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting on Tuesday.<img src=\"https://community-static.tradeup.com/news/1dd41e4242ca1de88b7bd2c98a19f050\" alt=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" title=\"The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and China\" tg-width=\"1420\" tg-height=\"1084\"/>The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and ChinaCanada said it will respond with 25% tariffs against $155 billion of U.S. goods, beginning with $30 billion taking effect Tuesday and $125 billion 21 days later.&#34;It&#39;s negative for CAD, MXN and CNH, as well as overall risk,&#34; Nick Twidale, chief market analyst at ATFX Global in Sydney said referring to the Canadian, Mexican and Chinese currencies.China&#39;s offshore yuan weakened to a record low of 7.3765, while the dollar touched a more than 20-year high against its Canadian counterpart . The dollar also strengthened more than 2% against the Mexican peso.Mexico&#39;s peso would suffer a near-12% fall if the United States hits the country with 25% trade tariffs, JPMorgan estimated in a note published on Friday.<img src=\"https://community-static.tradeup.com/news/2a558dcb320f89a22981d2a97863f258\" alt=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" title=\"A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. \" tg-width=\"5000\" tg-height=\"3335\"/>A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. The euro slid more than 1% and hit a two-year low.Analysts are also preparing for a selloff in stocks and other higher-risk assets.If tariffs are imposed and look set to stick around, possibly for months, &#34;stocks should sell off although sector sensitivity would vary&#34; Morgan Stanley researchers said in a note.With the S&amp;P 500 near all-time highs, the index could move 3% to 5% in either direction in the short term, Evercore ISI strategists said in a note.<h2 id=\"id_9334060\" style=\"text-align: start;\">TARIFF PAIN</h2>Barclays strategists previously estimated that the tariffs could create a 2.8% drag on S&amp;P 500 company earnings, including the projected fallout from retaliatory measures from the targeted countries.The executive order includes a provision for Trump to increase the size and scope of the tariffs if countries affected seek to retaliate.Goldman Sachs economists have estimated that across-the-board tariffs on Canada and Mexico would imply a 0.7% increase in core inflation and a 0.4% hit to gross domestic product.The bank said in a note on Sunday it expects to update those estimates, and predicted the measures would not be permanent.&#34;In light of their potential economic effects and the fact that the White House has set general conditions for their removal, we think it is more likely that the tariffs will be temporary but the outlook is unclear,&#34; it said in a note.The potential to drive up consumer prices is a particularly sensitive area for investors, who are worried about a revival in inflation causing the Federal Reserve to stop cutting rates.The Fed last week paused its rate-cutting cycle, while Fed Chair Jerome Powell said officials were &#34;waiting to see what policies are enacted&#34; with the new president.European Central Bank policymaker Klaas Knot said on Sunday he expects new tariffs will lead to higher inflation and interest rates in the U.S. that will likely weaken the euro .Assuming tariffs contribute to a surge in inflation, the U.S. central bank is less likely to enact the interest rate cuts markets broadly see as catalysing growth, Capital Economics Chief North America economist Paul Ashworth said in a note.&#34;Under those circumstances, the window for the Fed to resume cutting interest rates at any point over the next 12 to 18 months just slammed shut,&#34; he said.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index",".DJI":"道琼斯","BK4127":"投资银行业与经纪业",".IXIC":"NASDAQ Composite"},"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250202:nL1N3OT02O:1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2508018027","content_text":"NEW YORK, Feb 2 (Reuters) - Global markets buckled up for a turbulent session on Monday after U.S. President Donald Trump launched a trade war with sweeping tariffs on Canada, Mexico and China that threaten to undermine economic growth and reignite inflation.U.S. stock futures slumped in Asian hours, with Nasdaq futures down 2.57% and S&P 500 futures 2% lower.Canadian Prime Minister Justin Trudeau announced plans for retaliatory tariffs on imports of goods from the United States, the first of which also would take effect on Tuesday. Claudia Sheinbaum, Mexico's president, said on social media platform X that she will spell out details of its response on Monday.The two countries and the largest trading partners of the United States. China also said it would take \"counter measures,\" and the president said Americans may feel \"some pain\".U.S. oil prices jumped more than $2 as Asian trade on Monday while gasoline futures jumped more than 3%.Uncertainty over how and for how long the tariffs will be wielded brought fresh upset for markets that were dealt a blow last week as the emergence of China's DeepSeek AI model hit tech stocks.The White House has not yet published all the details of the tariff plan, leaving questions about their impact and duration, while some analysts continued to game out the chances last-minute negotiations delay or avoid them altogether.Trump's unspecified \"pain\" could come in the form of lower U.S. corporate profits and more inflation, potentially upending U.S. interest rate cut expectations, and further weaken currencies such as the Canadian dollar and China's yuan.\"Until now the market has really been on Trump's side, but that could change and the market could challenge him for the first time,\" said Mark Malek, chief investment officer at Siebert Financial in New York.In three executive orders, Trump imposed 25% tariffs on Mexican and most Canadian imports and 10% on goods from China, starting on Tuesday.The line charts shows share of total trade of top trade partners of the U.S. i.e. Mexico, Canada and ChinaCanada said it will respond with 25% tariffs against $155 billion of U.S. goods, beginning with $30 billion taking effect Tuesday and $125 billion 21 days later.\"It's negative for CAD, MXN and CNH, as well as overall risk,\" Nick Twidale, chief market analyst at ATFX Global in Sydney said referring to the Canadian, Mexican and Chinese currencies.China's offshore yuan weakened to a record low of 7.3765, while the dollar touched a more than 20-year high against its Canadian counterpart . The dollar also strengthened more than 2% against the Mexican peso.Mexico's peso would suffer a near-12% fall if the United States hits the country with 25% trade tariffs, JPMorgan estimated in a note published on Friday.A trader works at the New York Stock Exchange (NYSE) next to a U.S. flag, after Republican Donald Trump won the U.S. presidential election, in New York City, U.S., November 6, 2024. The euro slid more than 1% and hit a two-year low.Analysts are also preparing for a selloff in stocks and other higher-risk assets.If tariffs are imposed and look set to stick around, possibly for months, \"stocks should sell off although sector sensitivity would vary\" Morgan Stanley researchers said in a note.With the S&P 500 near all-time highs, the index could move 3% to 5% in either direction in the short term, Evercore ISI strategists said in a note.TARIFF PAINBarclays strategists previously estimated that the tariffs could create a 2.8% drag on S&P 500 company earnings, including the projected fallout from retaliatory measures from the targeted countries.The executive order includes a provision for Trump to increase the size and scope of the tariffs if countries affected seek to retaliate.Goldman Sachs economists have estimated that across-the-board tariffs on Canada and Mexico would imply a 0.7% increase in core inflation and a 0.4% hit to gross domestic product.The bank said in a note on Sunday it expects to update those estimates, and predicted the measures would not be permanent.\"In light of their potential economic effects and the fact that the White House has set general conditions for their removal, we think it is more likely that the tariffs will be temporary but the outlook is unclear,\" it said in a note.The potential to drive up consumer prices is a particularly sensitive area for investors, who are worried about a revival in inflation causing the Federal Reserve to stop cutting rates.The Fed last week paused its rate-cutting cycle, while Fed Chair Jerome Powell said officials were \"waiting to see what policies are enacted\" with the new president.European Central Bank policymaker Klaas Knot said on Sunday he expects new tariffs will lead to higher inflation and interest rates in the U.S. that will likely weaken the euro .Assuming tariffs contribute to a surge in inflation, the U.S. central bank is less likely to enact the interest rate cuts markets broadly see as catalysing growth, Capital Economics Chief North America economist Paul Ashworth said in a note.\"Under those circumstances, the window for the Fed to resume cutting interest rates at any point over the next 12 to 18 months just slammed shut,\" he said.","news_type":1,"symbols_score_info":{"ESmain":1.1,".SPX":1.1,".IXIC":1.1,"NQmain":1.1,"YMmain":1.1,".DJI":0.9}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":false,"newsSizeData":{"likeSize":6,"commentSize":3,"repostSize":2,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}