On July 14, Kirstine Kundby-Nielsen, an analyst from Danske Bank Research, stated in a report that the fixed income market might react relatively calmly to U.S. President Trump's announcement of imposing a 30% tariff on the EU.
The EU hopes to have more time for negotiations to progress and therefore stated that it will postpone retaliatory measures against the United States. She said: "Our basic judgment remains that higher tax rates can be avoided before August 1." Currently, the market still views the tariff declaration as Trump's negotiation strategy, and therefore the reaction is essentially muted. (Jinshi)
