Update Time：2025/02/06
The market trend is unpredictable, the tariff war is shaking investor confidence
Hot Topics:
1.US Imposes Tariffs on Mexico and Canada
On February 1, the Trump administration announced a 25% tariff on imports from Canada and Mexico, with an additional 10% tariff on Canadian energy resources, set to take effect on February 4. The U.S. warned that any retaliation from these countries could lead to further tariff hikes.
In response, both Canada and Mexico swiftly retaliated, escalating the trade war. However, after phone calls between Trump and the leaders of Mexico and Canada, both countries agreed to postpone the tariffs. Canada also pledged to strengthen fentanyl control and cooperate with the U.S. on border enforcement.
Opinions on the market impact of these tariffs remain divided. Goldman Sachs views the impact as short-term, while Deutsche Bank warns that the scale of these measures could mark the biggest trade shock since the collapse of the Bretton Woods system.
2.US-China Tariff Retaliation
Trump announced a 10% tariff on Chinese imports, prompting an immediate but measured counter-response from Beijing with equivalent tariffs.
Investors are concerned about the broader impact of the trade war, with gold prices surging to a record high of $2,849.05 per ounce. The market is closely watching whether these tariffs will drive inflation higher, potentially influencing Federal Reserve monetary policy.
*Source: Bloomberg
*内容来源：彭博
Update Time：2025/02/06
Update Time：2025/02/06
Tariff risks may fluctuate, making balanced multi-asset allocation a key market focus.
Whether it’s the U.S. imposing tariffs on Canada and Mexico or ongoing trade tensions with China, tariffs continue to keep the market on edge. If inflation picks up, it will inevitably impact the Federal Reserve’s decisions, causing shifts in rate cut expectations.
However, based on current trends, the overall impact of tariffs remains manageable. Trump’s tariff hikes are merely a negotiation tactic rather than the ultimate goal—tariffs serve as leverage to advance U.S. policy objectives.
Tariffs can have some market impact, though the likelihood of them escalating significantly appears low. Some stocks may experience declines due to tariff-related news, regardless of their fundamentals.
As multiple risk events develop, making excessive short-term predictions carries inherent uncertainties. Observing a diversified allocation across various assets continues to be a widely discussed approach in the current market environment.
Source: Tiger Asset Management
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