Asian Markets Edge Up But Uncertainty Rules Ahead Of Trump Tariffs [Barron's]
HSBC Holdings, plc. (HSBC)
US:NYSE Investor Relations:
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Source: Barrons
Equities have been battered leading up to the US president's announcement -- which he has dubbed "Liberation Day" -- with warnings that friend and foe are in the crosshairs after what he says is years of "ripping off" the United States. He has trailed the measures for weeks, initially suggesting they would match whatever levies other countries impose. But US media reported he has also considered either blanket 20 percent levies or another plan where some countries get preferential treatment. Sweeping auto tariffs of 25 percent announced last week are also due to come into effect on Thursday. The White House has said Trump will unveil his decision at 4pm in Washington (2000 GMT), after Wall Street markets close, with the Republican promising a new "golden age" of US industry. However, officials admitted he was still ironing out the details late Tuesday. Analysts said the ongoing uncertainty was spooking markets. "Investors and company management dislike uncertainty, and
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