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<Research>Haitong Int'l: Trump's Tariff Hike Aims to Force Fed to Cut Rates; A-shrs Expected to Face Wide Fluctuations in Medium Term
Recommend 6 Positive 5 Negative 5 2025/04/07 03:08 GMT
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The main purpose of US President Donald Trump's tariff hike is not to increase revenue, but to force the Fed to lower interest rates, guide the manufacturing industry to return to the US, and even deliberately trigger a stock market crash to hit the global financial system, Haitong International published a research report saying. With the economy still performing well, Trump's tariff hike is not so urgent but rather a means to solve the current predicament of the US. Therefore, Trump also kept urging the Fed to cut interest rates, hoping to solve the US debt crisis. In the medium term, Haitong International added that there is a possibility of further deepening internal conflicts in the US, such as the California governor's opposition to the tariff policies, the US Treasury Secretary Scott Bessent's desire to resign and the public's large-scale protests. US stocks fell under the US-China confrontation in response to the decline in global risk appetite, while Trump will not let up until he achieves his goal. Hence, the overall stock market will be under pressure, and China's equity market will also face a wide fluctuation.
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