Masaki Taketsume

2 weeks ago | citywire.com | Masaki Taketsume |Jeremy Gordon |Himanshu Singh

Markets rarely appreciate surprises – especially the kind that land with little warning and global consequences. That’s exactly what happened on 2 April, when the US Government unveiled details of its long-trailed ‘liberation day’ tariffs. These were much sharper and more punitive than expected for Japan and many other countries, compounding uncertainty and fuelling fears of a trade-induced recession in the US and beyond.