Nomura Securities: Trump is unlikely to fulfill all tariff threats

The Nomura analyst stated in a research report that Trump is unlikely to fulfill all tariff threats. After delaying car tariffs on Canada and Mexico for a month, there are signs that Trump will abandon the 25% tariff imposed on these two countries.

As Trump uses some of his tariffs as negotiation tools, conflicts may fluctuate between escalations and de-escalations. However, Trump's behavior during his first term indicates that he is willing to escalate trade conflicts regardless of market weakness and volatility. So far, Trump's actions have made Nomura Securities skeptical about the situation easing quickly.