Tariff ping pong continues, clouds growth, inflation outlook | MarketTalk: What’s up today? | Swissquote
The tariff hell broke lose yesterday after the US imposed 25% tariffs on all steel and aluminium imports triggering a swift response from the EU and Canada. The EU announced tariffs on around EUR 26bn worth of American goods, while Canadians slapped tariffs on CAD 30bn worth of US products. Voila, happy Thursday. Let’s see who blinks first.
Happily though, the US inflation ease more than expected in February on both monthly and annual basis. The latter somehow improved mood across risk assets, but enthusiasm is vulnerable in the fact of worsening global trade headlines that weigh on the US...