0626 GMT - China's retaliatory response on U.S. goods is more posturing than a move that could lead to significant disruptions to the wider U.S. economy, IG market strategist Jun Rong Yeap says. The country's retaliatory response mainly targets American agricultural and food products. While agriculture is an important sector for the U.S., the lack of measures by China against tech or industrial products may suggest some holding back to avoid an all-out escalation, Yeap says. Market reaction has been relatively calm as well, suggesting that the risks of further tit-for-tat responses remain limited for now, Yeap says. The absence of a further escalation in trade tensions may help to lift broader risk sentiment ahead, he says. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 04, 2025 01:26 ET (06:26 GMT)
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