<h1>Tariff uncertainty drives market caution and volatility, complicating corporate forecasts and investor decision making.</h1> Tariff uncertainty from proposed US trade measures is driving cautious investor behaviour and market volatility: ambiguous signals about negotiations between the US and China, mixed official statements, and rhetoric about selective tariff rollback have complicated corporate forecasting and supported short term rallies in major equity indices while leaving many sectors under pressure, with commodity and currency markets reflecting conditional responses rather than firm policy shifts.