Analyst: Trump's weekend tariff increase once again challenges market resilience

ChainCatcher news, according to Jinshi reports, analysts have indicated that the financial markets, which are becoming increasingly insensitive to U.S. tariff threats, will face a test when they open on Monday. This follows Trump's announcement over the weekend that a 30% tariff will be imposed on the EU and Mexico starting August 1. Trump has recently intensified trade measures, promising to impose more tariffs on all countries from Canada to Brazil to Algeria, and inviting trade partners for further negotiations. Despite warnings from JPMorgan CEO Jamie Dimon and others not to be complacent, investors' reactions so far seem to be banking on the expectation that the U.S. president will make concessions again, as they have already witnessed a previous 180-degree turnaround.

Brian Jacobsen, Chief Economist at Annex Wealth Management, stated: "Investors should not merely regard Trump's threat of a 30% tariff on EU goods as bluster; this level of tariff is punitive, but it may harm the EU more than it impacts the U.S., so time is running out."