Bloomberg reported today: "After the U.S. Supreme Court ruled that Trump's emergency tariff measures were invalid, Chinese stocks listed in Hong Kong surged immediately, and China is also expected to lower tariffs on goods exported to the U.S."
Comment: The U.S. Supreme Court ruled that Trump's unilateral tariffs exceeded his authority and were invalid. The market immediately expected a potential reduction in tariffs on China, a decrease in export costs, and improved corporate profits. Funds have already bought undervalued Hong Kong-listed Chinese assets that are sensitive to exports to the U.S., pushing stock prices higher. However, this is just a short-term reaction driven by sentiment. The U.S. has already prepared new legal grounds to continue imposing tariffs. The pressure of tariffs has not been truly lifted, and the optimistic expectations carry significant uncertainties.
Original article: toutiao.com/article/1857897518470218/
Statement: The article represents the personal views of the author.