In a recent analysis published by Nomura, it has been highlighted that former President Trump’s propensity for utilizing tariff strategies as a bargaining chip casts uncertainty over any potential trade resolutions. Following a month-long hiatus on imposing auto tariffs for Canada and Mexico, speculations arise that these hefty 25% tariffs might be revoked. This situation reflects a broader theme within Trump’s administration, where trade tensions oscillate between escalation and de-escalation. Historical precedents from Trump’s first term suggest a readiness to intensify conflicts, particularly in the face of market instability. Nomura’s insights indicate a lack of optimism regarding a swift resolution to the ongoing trade disputes, emphasizing the necessity for stakeholders to remain vigilant amid fluctuating market conditions and policy decisions.