Investors head into Trump tariff deadline benumbed and blase
UNITED STATES, JUL 6 – President Trump will send tariff letters to 12 countries with rates up to 70% as markets stay calm and S&P 500 hits record highs, despite looming August 1 deadline.
- Investors approached President Trump's tariff notification deadline on July 9 with subdued reactions amid cautious market activity worldwide.
- This followed Trump's April proposal of tariffs ranging from 10% to 70% on countries without trade deals and the expiration of a 90-day tariff pause.
- Japanese stocks fell modestly as the Nikkei declined 0.56% to 39,587.68 and Yaskawa Electric dropped 10.29% after cutting its annual profit forecast due to tariff uncertainties.
- Jeff Blazek said the market has become "more comfortable, more sanguine" on tariff news, while Paul Donovan warned inflation effects may not appear until January next year if policies persist.
- These developments suggest markets have largely absorbed tariff risks so far, but heightened costs and delayed inflation pressures could influence global trade and corporate outlooks going forward.
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Why investors are unbothered by Trump’s ongoing tariff chaos
President Trump’s latest tariff salvo—threatening 10%-70% levies on non-deal countries and an extra 10% for BRICs—would once have rattled markets. Instead, the S&P 500 now sits at a record high (6,279.35), with volatility muted and the VIX “fear” index dormant. Analysts say investors now treat policy chaos as background noise; uncertainty is simply the new certainty. President Trump said last night he will begin sending letters to the various co…
Japan's Nikkei falls on caution ahead of Trump tariff deadline
TOKYO: Japan's Nikkei share average fell on Monday as cautious investors weighed the details of US President Donald Trump's tariffs and their impact on corporate outlook. © New Straits Times Press (M) Bhd
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