TechFlow news, July 14 — According to Jinshi Data, Barclays analysts said in a research report that the U.S. threat to impose 30% tariffs on the EU will once again test the resilience of U.S. stocks. The analysts noted that if the EU retaliates and the economy falls into a deeper recession, stock markets could see double-digit declines. A full-scale trade war could trigger a sell-off similar to the one following "Liberation Day," when cyclical and financial stocks performed worst, and thin summer market liquidity could exacerbate the situation, they wrote. The analysts remain skeptical that tariffs will remain at such high levels. They stated that Trump appears to have limited tolerance for pressure on stock and bond markets—and thus damage to the U.S. economy—adding that this could constrain the level of tariffs he ultimately imposes on major U.S. trading partners.
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