0642 GMT - U.S. President Trump's tariffs on China were "seemingly soft" but tactical, with his trade policy expected to take center stage in the coming months, Nomura analysts write in a note. Markets have potentially underestimated his "resolve to curb China and his intent on pursuing bolder measures in his second term," they write. His focus on domestic agenda, border policies and the peace deal between Russia and Ukraine was also tactical and doesn't signal a shift in strategic priorities, they say. Nomura analysts estimates the average U.S. tariff rates to China to be lifted to approximately 33%, following the latest announcement of an additional 10% tariff. (jiahui.huang@wsj.com; @ivy_jiahuihuang)
(END) Dow Jones Newswires
March 03, 2025 01:42 ET (06:42 GMT)
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