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The slogan finally arrives at its moment of fulfillment! Is the "Trump Trade" at a new crossroads?
① From the "beautiful aspirations" before the election to the "wanton revelry" after the election, Trump's Trade has gone through two phases over the past six months; ② Now, this Trade's "third phase" may be the most turbulent journey that is about to unfold: with Trump's official inauguration, all of the campaign slogans from last year's USA election winner will soon come to fruition...
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In response to Trump's "an eye for an eye," Canada has prepared a retaliation list and may impose taxes on United States Steel and Aluminum.
① Canada has prepared for the tariff threats from the United States President-elect Trump, planning to introduce retaliatory tariffs in phases, including taxes on all United States Steel and Aluminum products. ② The Canadian government is preparing for various scenarios: preliminary tariffs on 10 types of Commodities from the United States; if Trump takes broad trade measures, Canada may impose tariffs on United States Commodities worth 150 billion Canadian dollars, including all Steel and Aluminum products.
The US stock market fluctuated and then declined, Apple fell by 4%, Taiwan Semiconductor's ADR once rose over 7%, and Luxury Goods stocks along with European and American government bonds increased.
In December, USA's retail sales growth was weaker than expected, but the Philadelphia January manufacturing Index reached its highest level in nearly four years. Federal Reserve Board member Waller predicted that there might be up to four interest rate cuts this year, which lowered USA Treasury yields and the dollar. The S&P experienced its first decline in four days, previously boosted by Banks' Earnings Reports. Taiwan Semiconductor's quarterly report confirmed AI demand, leading to most chip stocks rising. Luxury Goods giant Richemont's earnings surpassed expectations, causing a collective increase among peers that pushed French stocks up over 2%. The China concept index rose against the trend, with DouYu increasing by about 28%. The yen approached 155, Bitcoin hovered around $0.1 million, oil prices fell from a six-month high, and Gold reached its highest in five weeks. As a cold wave hit, Henry Hub Natural Gas surged over 4%.
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