@josi
According to BlockBeats, Citigroup summarized three main scenarios and market impacts of the US tariff policy on April 2 in its latest report. The first scenario is to announce only reciprocal tariffs, and the market reaction is limited.
The second scenario is reciprocal tariffs plus value-added tax (VAT), the US dollar index may rise by 50-100 basis points, and global stock markets may fall. The third scenario includes industry tariffs, and the market reaction may be more intense.
The report pointed out that after the worst start of the first quarter of 2020 for the S&P 500, analysts warned that the possibility of decline is greater than that of rise. Future tariffs and retaliatory actions are key, and the market reaction depends on the timing of tariffs and the speed of response of other countries.
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