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Charts that show the “reciprocal tariffs” the U.S. is charging other countries are on display at the James Brady Press Briefing Room of the White House on April 2, 2025 in Washington, DC.  Alex Wong | Getty Images U.S. President Donald Trump on Wednesday laid out the “reciprocal tariff” rates that more than 180 countries and territories will face under his sweeping new trade policy. The announcement sent stocks tumbling and prompted investors to seek refuge in assets perceived to be safe. Analysts generally had a pessimistic take on the announcement, with some even predicting an increased risk of a recession for the U.S. Here is a compilation of reactions from experts and analysts: Tai Hui, APAC Chief Market Strategist, J.P. Morgan Asset Management “Today’s announcement could potentially raise U.S. average tariff rates to levels not seen since the early 20th century. If these tariffs persist, they could materially impact inflation, as U.S. manufacturing struggles to ramp up capacity and supply chains pass on costs to consumers. For instance, advanced semiconductor manufacturers in Taiwan may not absorb tariff costs without viable substitutes. “The scale of these tariffs raises concerns about growth risks. U.S. consumers may cut back on spending due to pricier imports, and businesses might delay capital expenditures amid uncertainty about the tariffs’ full impact and potential retaliation from trade partners.” David Rosenberg, President and founder of Rosenberg Research “There are no winners in a global trade war. And when people have to realize, when you hear this clap trap about how consumers in United States are not going to bear any brunt. It’s all going to be the foreign producer. I roll my eyes whenever I hear that, because it shows a zero understanding of how trade works, because it is the importing business that pays the tariff, not the…

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Filed under: News - @ April 3, 2025 6:25 am