LIVE MARKETS-Uncertainty once again the name of the tariff game
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
UNCERTAINTY ONCE AGAIN THE NAME OF THE TARIFF GAME
A week on from the U.S. Supreme Court's ruling that President Donald Trump’s emergency tariffs are illegal, not much has become clearer.
If anything, things might be more murky as previously agreed trade agreements appear to have been called into question, and many companies seem to be exploring compensation and other legal avenues.
"Tariff rulings, social media headlines, legislated tariffs - they all have provided different, not necessarily consistent, inputs throughout the week," Bank of America Global Research economists said in a note on Friday.
All we know for now is how the Supreme Court ruled, and that Trump imposed 10% tariffs Tuesday, rather than the 15% he had initially announced, they explained. But, they point out, there could be more coming.
For European companies that means "still the only certainty is uncertainty," according to the economists.
"The direct effect of new US tariffs is probably low. But the effect of the spike in uncertainty could be big and costly."
So question marks still dominate - but what else is new, really?
(Sophie Kiderlin)
EARLIER ON LIVE MARKETS:
ONE MAN'S CAPEX IS ANOTHER MAN'S REVENUE CLICK HERE
WHAT U.S. SWAPS TRADERS THINK ABOUT RATES CLICK HERE
EUROPE'S GREEN SHOOTS CLICK HERE
STRONGEST MONTH SINCE MAY CLICK HERE
EUROPE BEFORE THE BELL: FUTURES HIGHER AT MONTH-END CLICK HERE
AI WOES AND 'OPEN WAR' CLICK HERE
