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JPM Asset Mgmt Tai Hui: US-CN Tariff Cut Beats; Mkt Expected to Regain Risk Appetite in ST
China and the U.S. agreed to considerably reduce tariffs for 90 days, with China axing tariffs on U.S. imports from 125% to 10%, and the U.S. chopping tariffs on Chinese imports fr...
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JPM Asset Mgmt Tai Hui: US-CN Tariff Cut Beats; Mkt Expected to Regain Risk Appetite in ST
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China and the U.S. agreed to considerably reduce tariffs for 90 days, with China axing tariffs on U.S. imports from 125% to 10%, and the U.S. chopping tariffs on Chinese imports from 145% to 30%.

Tai Hui, Chief Market Strategist, Asia, for JP Morgan Asset Management, commented that the tariff reductions surpassed expectations, reflecting both countries' recognition that tariffs would impact global growth, making negotiations a better option.

Related NewsPPI YoY for Apr in China is -2.7%, lower than the previous value of -2.5%. The forecast was -2.6%.
Market’s immediate reaction to the agreement was positive, with Hong Kong stocks and U.S. stock futures elevating, alongside increases in U.S. Treasury yields and the USD Index, Hui spotted.

Overall, he expected markets to regain risk appetite in the short term, potentially temporarily relieving pressure on the Federal Reserve to cut interest rates.

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