Analysis or commentary which is used for exceptionally important or unexpected events. These can be economic, political or socio-economic in nature.
Market reaction to the tariff dispute
What has happened?
- US President Trump announced new, unexpectedly wide-ranging tariffs on 2 April.
- In addition to an across-the-board, non-negotiable import tariff of 10%, higher tariffs will apply to more than 50 countries. Goods from the pharmaceutical and semiconductor industries remain exempt for the time being.
- Stock markets around the world reacted with sharp price falls. On the bond markets, interest rates on long-term government bonds fell significantly and expectations of further interest rate cuts by the leading central banks increased. The Swiss Franc appreciated against the USD and EUR.
