Seoul shares close over 1% higher on Trump's tariff delay

The events of the last few days have once again shown that anything can be expected of Trump,

Commerzbank economists said in a note

Markets have shown some nervousness around the prospect of a trade war, yet it doesn't look like we're going to have another truly miserable day,

noted Russ Mould, investment director at AJ Bell

A risk is that this is the beginning of a tit-for-tat trade war, which could result in lower GDP growth everywhere, higher US inflation, a stronger dollar and upside pressure on US interest rates,

said Stephen Dover, chief market strategist and head of Franklin Templeton Institute

One thing we can say for sure. Markets are going to remain subject to massive headline risk in coming hours... days... and years,

forecast Ray Attrill, foreign currency strategist at National Australia Bank

However, the uncertainty surrounding the permanence of these tariffs makes it challenging for companies to make informed capital investment decisions,

he added

Ross Mayfieldamerican businessman

We are in a bull market fueled by a strong U.S. consumer and rising corporate profitability. Until something cracks with this narrative, I believe dips are buyable,

said Ross Mayfield, investment strategist at Baird

The flip side of like this asset gaining respectability and finding a role in institutional portfolios is now all of a sudden you’re exposed to the liquidity constraints that larger investors face,

said Nic Carter, a partner at the crypto investment firm Castle Island Ventures

Joo Wonsouth Korean actor

Due to higher tariffs, the price competitiveness of these Korean goods manufactured in the two U.S. neighbors will inevitably become weaker,

said Joo Won, director of the Hyundai Research Institute

Under these circumstances, Korea should embrace the possibility of setbacks in exports, which in turn can lower the country’s annual growth by up to 0.5 percent,

said Shin Se-don, a professor emeritus of economics at Sookmyung Women’s University

Auto parts retailers have an estimated ~10% of sales exposure to Mexico, primarily in remanufactured parts,

wrote Wedbush analyst Seth Basham

Overall we continue to see little direct impact to our space or coverage from potential tariff increases on Mexico, Canada, and China; rather indirect effects, as well as escalation remain the larger potential worry as overall semiconductor imports (from all countries) might be large enough to be affected by more broad-based actions should the new administration feel so inclined (as it seems they might be),

he wrote

While weaker pricing could negatively impact cash flow, they should all benefit from the weaker CAD currency as it lowers costs,

he said, referring to the Canadian dollar

Exposed Canadian and U.S. energy stocks have already reflected some concern around tariffs. However, we expect some volatility as the 10% [oil tariff on Canada] is lower than a potential 25% tariff,

he wrote in a Sunday note

Those are riskier cryptos” than bitcoin

said Garrick Hileman, an independent cryptocurrency analyst

David Morrisontrade Nation analyst

With tariffs set to come in on Tuesday, there is a small window to come to some sort of accommodation. But President Trump has downplayed the chances of a deal before then,

Morrison added

The lack of a clear economic rationale behind this decision - justified primarily as a measure to curb illegal immigration and fentanyl imports - has unsettled investors,

Sabin Hathorn said

If these tariffs lasted a full fiscal year, we recognize a potential $3.00-3.75 hit to F26E EPS, though potential pricing and volume headwinds make it difficult to estimate,

analyst Michael Lavery said in a note

These announcements have come as a shock to many investors who expected tariffs would only be imposed if trade negotiations failed,

wrote David Kostin, chief U.S. equity strategist at Goldman Sachs

People thought, okay, there's a pro-business president, there's a pro-business Congress. What could go wrong, right? And I think it's just a little bit of a shock that he's trying to do so many things at once,

said Olivier D’Assier, head of applied research for Asia Pacific at investment consultant Simcorp

Donald Tuskpolish Prime Minister

It is worth doing everything possible to ensure that in the face of a Russian threat or Chinese expansion, we do not fight between allies,

Polish Prime Minister Donald Tusk said