Asia Doesn’t Buy Trump After He Cried Wolf Too Often
Asian markets largely ignored Donald Trump's latest tariff threats, demonstrating a growing immunity to his trade rhetoric.Summary
Asian equity markets showed little reaction to US President Donald Trump’s recent tariff threats, with regional benchmarks remaining near record highs and South Korea experiencing a significant intraday reversal. Investors appear to have become desensitized to Trump’s trade warnings, viewing them as negotiating tactics rather than genuine policy shifts. This is evidenced by the market’s response to threats against South Korean goods, which were followed by a record-breaking rally in the Kospi index. Analysts suggest markets have learned Trump often backs down after issuing threats, a pattern dubbed “TACO” – Trump Always Chickens Out. The article also notes that this diminishing leverage from Trump may shift focus in crypto markets towards fundamental factors like ETF flows and regulatory progress, rather than presidential tweets. Korean retail investors, while seeing Bitcoin rise, appear more focused on domestic equities, particularly AI-related stocks.
(Source：BeInCrypto)