0918 GMT - Capital Economics expects President Trump's tariff pause on some economies to be extended indefinitely and for U.S. tariffs on China to come down over time after negotiations. Chinese markets' rebound today signals that investors think it won't take too long for the tariffs to come down, says Thomas Mathews, CE head of Asia Pacific markets, in a note. However, uncertainty over U.S. policy remains high. Chinese markets' optimism "arguably sets them up for some near-term disappointment if it takes longer than expected (China in particular doesn't currently seem desperate for a reconciliation) but ultimately we do think a deal will be done," he says. The Trump administration has demonstrated a willingness to make big, difficult-to-predict decisions, he says, adding that it's shown a greater tolerance for causing a recession than many might have thought. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
April 10, 2025 05:18 ET (09:18 GMT)
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