25.04.2025 18:21
Evaluating the world agenda, Dr. Ekrem Teymur stated that Trump signaled a U-turn in the US-China tariff war. Reminding that Trump said he would significantly reduce high tariffs, Teymur noted, "The tariff war primarily impacts the US economy. Indeed, following Trump's signal of a U-turn, US stock markets began to rise."
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Chairman of Haberler.com, Dr. Ekrem Teymur, evaluated the latest situation in the trade war that started with U.S. President Donald Trump's tariff package.
"AFTER TRUMP'S U-TURN, U.S. STOCK MARKETS ROSE"
Teymur recalled that Trump indicated that the high tariffs imposed on Chinese goods would be significantly reduced, but not eliminated, signaling a U-turn. Teymur stated, "It was clear that this would happen." He added, "I mentioned it last week. Because this tariff war primarily hits the U.S. economy. Indeed, following Trump's signal of a U-turn, U.S. stock markets began to rise."
"'TRUMP IS SCARED' HASHTAG ROSE TO THE TOP IN CHINA"
Evaluating the Chinese front in the trade war, Teymur noted that Trump's U-turn was enthusiastically welcomed on Chinese social media, stating, "'Trump is scared' hashtag rose to the top. The spokesperson for the Chinese Ministry of Foreign Affairs said, 'We do not want to fight, but we are not afraid of fighting. If it is to fight, we will fight to the end. If it is to talk, our door is wide open.'"
"TRUMP'S TARIFFS WILL PRIMARILY HIT GERMANY"
Ekrem Teymur stated, "The German government has lowered its economic growth forecast to zero, citing the impact of U.S. President Donald Trump's trade policies." Noting that the German economy contracted by 0.3% in 2023 and 0.2% in 2024, Teymur said, "The number one reason for this contraction is actually not America. However, the high tariffs that Trump imposed on the EU will primarily hit Germany, that is certain."
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