Analyst: Trump's weekend tariffs challenge market resilience once again

According to a report by Golden Finance, analysts have stated that financial markets that are becoming increasingly insensitive to the threat of US tariffs will face a test when they open on Monday. Earlier, Trump announced over the weekend that he would impose a 30% tariff on the European Union and Mexico starting from August 1st. Trump has recently increased trade measures, promising to impose more tariffs on all countries from Canada to Brazil to Algeria, and inviting trading partners for further negotiations. Despite warnings from JPMorgan CEO Damon and others not to take it lightly, investors' reactions so far seem to be hoping that the US president will make another concession, as they have seen the previous 180 degree turn. Brian Jacobsen, Chief Economist of Annex Wealth Management, said, "Investors should not just take Trump's threat of a 30% tariff on EU goods as a bluff. This tariff level is punitive, but it may cause more harm to the EU than to the United States, so the countdown is in time