
A chart showing the U.S. accusation of “reciprocity tariffs” by other countries was on display on April 2, 2025 in the James Brady Press briefing room at the White House in Washington, D.C.
Alex Huang | Getty Images
US President Donald Trump On Wednesday, theReciprocal tariffs“Under his new trade policy, there will be interest rates in more than 180 countries and regions.
The announcement announced stock throws and prompted investors to seek asylum for what is considered safe.
Analysts are often pessimistic about announcements, and some even predict increased risk of a U.S. recession
Here is a compilation of the reactions of experts and analysts:
Tai Hui, Chief Marketing Strategist at Apac, JP Morgan Asset Management
“Today’s announcement could raise the average U.S. tariff rate to levels not seen since the early 20th century. If these tariffs persist, they could have a significant impact on inflation as U.S. manufacturing efforts to increase capacity and supply chain costs shift the cost of consumers to consumers. For example, high-end semiconductor manufacturers in Taiwan’s senior semiconductor manufacturers in Taiwan may not absorb no available alternatives.
“The scale of these tariffs has raised concerns about growth risks. U.S. consumers may be reduced by higher-priced import spending, while businesses may delay capital expenditures amid uncertainty about the full impact of tariffs on trading partners and potential retaliation.”
David Rosenberg, President and Founder of Rosenberg Research
“There is no winner in the global trade war.
Many of these will be transferred to consumers, so we have brought a very significant price shock to the U.S. family sector. ”
Anthony Raza, Head of Multi-Asset Strategy, UOB Asset Management
“They put forward the most extreme numbers that we can’t even understand. How did they put forward? Then in terms of timing, I think we hope this might be something that could be rolled out in the year, like the time of negotiation. But it seems to be the direct timing and worse, with us, and worse, in our worse situations, it’s worse for the scope.
David Roche, Quantum Strategy Strategist
“These tariffs are not transitional. They are at the heart of President Trump’s belief. They mark a transition from globalization to isolationist, nationalist policies, not just economics. This process will last for years and be felt for decades. It will spill over into multiple policy areas such as geography Pangwen.
Currently, retaliation is expected, rather than negotiations between the EU (for US services) and China (focusing on US strategic and commercial interests). Rose Garden tariffs will consolidate the bear market. They will lead to global traps and the recession of the United States and the EU. ”
Shane Oliver, Head of Investment Strategy and Chief Economist, Amplifier
“Our rough calculation is 2ND April announcement will bring the average U.S. tariff rate to 1930s after the 1930s Smoot/Hawley tariffs This in turn will increase the risk of a U.S. recession – through further blows to confidence and supply chain damage – to global growth even harder.
“Now, the risk of a recession in the United States may be around 40%, and global growth may be pushed to 2% (about 3% at present), depending on the major retaliation of retaliation and the response of countries like China to policy stimulus.”
Tom Kenny, Senior Economist at the International Trade Commission
“The U.S. countdown tariffs announced today are worse than expected. The effective tariff rate for U.S. goods imports may climb to the 20-25% range, the highest since the early 1900s.
Inflation Index bonds have higher yields and stocks are sold after the announcement, which suggests that the market believes these tariffs will hurt growth and increase inflation. The market pricing of federal funding interest rate points will be cut from the Federal Reserve long ago. ”