In a bid to counter the latest measures introduced by the Trump administration, Beijing has taken decisive action by increasing tariffs on U.S. imports to 125%. This move comes as a direct response to the elevated duties imposed on Chinese goods, and it underscores the intensifying trade conflict between these two economic superpowers. The decision not only deepens bilateral strains but also exacerbates the volatility already roiling global financial markets.
Recent weeks have seen significant fluctuations in the portfolio of Pershing Square Holdings, led by renowned billionaire Bill Ackman. According to investor reports, the portfolio experienced a nearly 14% decline by April 8. This drop, driven by a sharp global market downturn, largely reflects the reaction to plans by the Trump administration to impose high tariffs on nearly all U.S. trading partners. Although the latest recovery in the markets, following a 90‑day pause on most tariffs, brought some gains, the overall sentiment remains cautious.
UBS Global Wealth Management has recently decided to downgrade US stocks, sending a significant signal amid the instability of the global economy. One of the main factors behind UBS's decision is the impact of reciprocal tariffs, which are putting pressure on the world's largest economy. This creates additional risks for financial markets and has far-reaching implications for global growth.
