There are substantial risks ahead amid uncertainties: Russia-Ukraine outcome, tariffs in full force and effects, the fallout of Europe and US, plus...etc. The market will enter into a bit of recessionary mode, while largely depending on major companies performances and the chances of interest rate cuts, it will then either shoot even lower or recover!
Trade War Begins? Will Market Drop 30% Before Bouncing Back?
The estimated tariff rates for various countries are as follows:
China: 34%, EU: 20%, Vietnam: 46%, Japan: 24%, India: 26%, South Korea: 25%, Thailand: 36%, Switzerland: 31%, Indonesia: 32%, Malaysia: 24%, UK: 10%, South Africa: 30%, Brazil: 10%, Singapore: 10%, Philippines: 17%.
Starting from 12:01 p.m. on April 10, China will impose a 34% tariff on all imported goods originating from the United States.
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Could tariffs trigger a recession trade? Will the market repeat the 2018 pattern?
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