Markets took U.S. President Donald Trump’s latest tariff salvos largely in their stride, with investors assessing whether the moves will have a lasting impact on trade or are another negotiating tactic.
The market has so far shrugged off the tariffs. Asia stocks were mostly higher, safe-haven assets stayed firm, with yields on the 10-year U.S. Treasury
remaining relatively unchanged, while gold
inched about 1% higher. The U.S. dollar index slid around 0.3%.
“The market didn’t really react much to the news. It was already widely anticipated,” Ed Yardeni, president of Yardeni Research, told CNBC. “The market learned last year that the [global] economy is remarkably resilient in the face of what I call Trump tariff turmoil.”
