Analysts interact with the latest American drawings

US President Donald Trump On Wednesday, “Mutual tariff“Prices will face more than 180 countries and regions under a comprehensive new commercial policy.

The advertisement sent the falling stocks and pushed investors to search for a shelter in assets that are seen as safe.

Analysts generally had to be pessimistic about this declaration, even some expect to increase the risk of stagnation for the United States

Below is a set of reactions from experts and analysts:

Tai Hui, Apac, the chief strategy on the market, JPor MORGAN ASSET Management

“The declaration of today’s average tariffs in the United States can raise levels that have not been seen since the early twentieth century. If these definitions continue, they may materially affect inflation, because the United States’ manufacturing to intensify capacity and exceeding supply chains exceeds costs for consumers.

“The size of these definitions raises concerns about the risks of growth. American consumers may reduce spending due to basically imports, and companies may delay capital expenditures amid uncertainty about the full impact of definitions and potential revenge on commercial 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 applause trap on how consumers in the United States do not bear any weight. Everything will be the foreign product. I deal with my eyes whenever I hear that, because it shows a zero understanding of how to do trade, because imported businesses are the ones that wear cruelty, and not the country for issues.

Many will be transferred to the consumer, so we are in several months of shocking very large prices for the American family sector. “

Anthony Reda, Head of Multiple Asset Strategy, UOB Asset Management

“They have reached the most extreme numbers that we cannot even understand. How do they reach this? Then, with regard to timing, I think we were hoping that this might be something that has been put forward throughout the year, allowing like time for time for negotiations or anything else.

David Roche, strategic expert, quantum strategy

“These definitions are not transitional. It is the essence of President Trump’s beliefs. It indicates a shift from globalization to national policies, not only for the economy. The process will continue for several years and will feel it for decades.

Currently, revenge is expected, not negotiating by the European Union (targeting American services) and China (with a focus on American strategic and commercial interests). The wind garden tariffs will enhance the bear market. It will cause global recession as well as the recession of the United States and the European Union. “

Shin Oliver, head of the investment strategy and chief economist, ampere

“Our rough account is that 2^{The second abbreviation} The April Declaration will take the rate of tariffs in the United States to the above levels in the 1930s yet Smot/Holi tariff Which in turn will add to the risk of American recession – through another blow to confidence and supply chain disorders – and a greater hit of global growth.

“The risk of American recession may be about 40 %, and global growth can push about 2 % (from about 3 % currently) depending on the importance of revenge and how countries like China respond to political motivation.”

Tom Kenny, senior international economists, Anz

“The US mutual tariff today is worse than expected. The active tariff rate on American goods imports is likely to increase to 20-25 %, which is the highest since the early twentieth century.

The return on the bonds that avoided inflation was higher and the sale of shares after the announcement, indicating that the market believes that these definitions will harm growth and add to inflation. The market pricing from federal funds to the discounts from the Federal Reserve sooner. “