Global stock markets appear numb to Trump's 'reciprocal' tariffs. Here's why [View all]

[TheProle]

Global markets have largely been indifferent to U.S. President Donald Trump’s latest tariffs, a sharp departure from the steep selloff triggered by his April 2 announcement of “reciprocal” duties, as investors grow increasingly numb to what they see as a negotiating tactic.

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India, targeted in part over its continued purchases of Russian oil, saw its tariffs jump from an earlier 25% to 50% on Wednesday on a broad range of goods. The country’s benchmark Nifty 50 barely budged in response.

Similar resilience was seen in Europe, with the Stoxx 600 posting gains in recent days on corporate earnings, shrugging off the tariff threats.

“There is a bit of numbness coming through. I think there’s also a lot of precedent in terms of things being announced and then rolled back later,” said Steve Brice, global chief investment officer at Standard Chartered Bank’s wealth solutions unit.

“People are looking at the situation and saying, okay, yes, we’ve seen these increases in tariffs coming through… but they can be unwound by further trade negotiations. Therefore, it’s less of a shock to people now,” Brice told CNBC.

https://www.cnbc.com/2025/08/08/global-investors-become-numb-to-trump-amid-latest-trade-tariff-msci-stoxx-sp500-nifty-nikkei-salvos.html