Hanwha Investment & Securities: "US Tariffs Expected to Reach Compromise After Trial and Error"

Hanwha Investment & Securities analyzed on July 14 that reciprocal tariffs among major countries are expected to be lowered to around 10% within this year, in light of the United States' tariff policies.

Lim Hyeyoon, a researcher at Hanwha Investment & Securities, stated, "President Donald Trump's policies are generally moving in the desired direction," and added, "The United States is likely to compromise at a bearable level, while counterpart countries are expected to accept lower tariffs through negotiations."

She explained, "Reciprocal tariffs on countries other than China are expected to be lowered to about 10% within this year," and further noted, "If tariffs remain at the current level, the United States will inevitably face significant shocks, and it would be difficult to worsen relations with other countries while the dispute with China continues for an extended period."

She added, "The scenario is that the United States will impose tariffs that minimize shocks, and counterpart countries will adapt to the lower tariffs through negotiations."

She also anticipated that in the third quarter of this year, there will be a moderate slowdown in the United States and a rebound in countries outside the United States. She said, "The weakening trend of the US dollar is likely to moderate compared to the first half of the year, because the US economy remains resilient and it will be difficult for the Federal Reserve to aggressively cut interest rates."

She emphasized, "Given that tariff burdens still exist, it is effective for now to increase exposure to US assets, and in the fourth quarter, to increase exposure to non-US assets."