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By Damien PETIT, Head of Private Banking Investment, Banque de Luxembourg
Equity markets rallied in the past few weeks, reversing all the losses posted since President Trump announced steep tariff increases on 2 April last.
Signs of a gradual thaw in the trade war pitting the US against the rest of the world have reassured investors. Following a first trade deal between the United States and Britain, talks between US and Chinese trade representatives also made progress. A significant reduction in the reciprocal tariffs for a period of 90 days was agreed, lifting what amounted to a trade embargo between the two countries. The US has slashed the reciprocal rate – on top of the existing tariffs – on Chinese imports from 145% to 30% (including...
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