As Trump’s tariffs bite, investors should ensure the companies they own have strong fundamentals
The market is rewarding positive surprises slightly less than it has in the past, and punishing negative surprises more severely
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[SINGAPORE] It seemed like Groundhog Day again when US President Donald Trump unveiled revised reciprocal tariffs on imports from dozens of countries last Thursday (Jul 31).
The adjusted rates came just one day before the previously announced reciprocal tariffs were due to kick in; the new duties will take effect only on Aug 7.
To me, it initially appeared that Trump was once again delaying the full implementation of his tariffs while maintaining pressure on America’s trading partners to open their markets.
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