Letter.

Letter Published in The National UAE on 11 April 25 A spectacular week of tariff U-turns The National UAE, Middle East and world breaking news, stories and analysis April 11, 2025 An unpredictable market With reference to Deenal Kamel's report Asian stocks and oil market rout continues as Trump tariffs take effect (April 9): The impact of the Trump administration's tariffs on Asian stocks and the oil market was spectacular to see this week, even as most reciprocal tariffs are now on hold for 90 days. The market rout, driven by the tariffs, is causing significant turmoil not only in Asia but also across global financial markets. The article delves into the concerns that these measures are creating, with particular focus on how the tariffs have led to growing anxiety regarding the economic consequences. Beyond just the Asian markets, other international markets are still grappling with uncertainty, as many countries fear long-term implications of Donald Trump's actions. The tariffs have triggered wide panic, with investors and global leaders expressing deep concerns about future trade relationships, supply chains and overall economic stability. The article emphasises the broader geopolitical ramifications, showing that tariffs influence not just stock markets but also oil prices, and both were showing signs of volatility and a potential slump before the U-turn. The concerns about the future have intensified, as many countries brace for further policy change and their potential impact on global trade and economic conditions. K Ragavan, Bengaluru, India