Citigroup: Trump's New Tariffs Expected to Prompt Early Shipments in Asia
Citi analysts stated in a report that the Trump administration's new 15% global tariff could once again trigger early shipments in Asia. These analysts expect that even if the U.S. average effective tariff rate drops slightly after the Supreme Court overturns tariffs imposed under the International Emergency Economic Powers Act, the decrease will be minimal. Citi said that while reciprocal tariffs in 2025 are often followed by a temporary trade truce that encourages early shipments, this new 15% tariff—implemented under alternative legal authority and set to expire in late July—could prompt importers to either delay or accelerate their imports. Citi maintains its buy ratings on Evergreen Marine, Yang Ming Marine Transport, and COSCO Shipping Holdings, reasoning that this is expected to have a net positive impact on container demand and potentially on spot rates, though the effect will be less than last year.
Editor: Wang Yongsheng
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Microsoft (MSFT.US) 365 services experience second major outage this year, affecting multiple government agencies and enterprises worldwide
Despite a "partial recovery," the latest Microsoft service outage continued into Asia-Pacific business hours.
Nvidia (NVDA.US) New CEO Candidates and Market Predictions: Trump Nominates Cook as Successor
As the successor remains uncertain, external voices have already begun to "make choices" for Nvidia.
Safe haven halo fails? US Treasury sell-off returns, Wall Street just breathed a sigh of relief and is startled again
Just as global bond investors began to believe that the worst phase of this year's sell-off had passed, the surge in U.S. Treasury yields has forced them to reassess that judgment.
Before the Jensen Huang scandal broke out, the Quant King precisely cleared out Nvidia!
The latest 13F filing shows that quantitative giant Renaissance Technologies almost completely sold off its holdings in Nvidia (reduced by 99.7%), Meta (reduced by 99.9%), as well as other tech giants like Apple and Amazon in the third quarter, and significantly reduced its position in Palantir. At the same time, it heavily increased its holdings in Micron Technology (up by 618.7%), AMD, and SanDisk, as well as other storage and chip stocks.
Crypto prices
More
