<h1>Import tariffs drive trade uncertainty and shift market bets toward imminent interest rate cuts affecting markets.</h1> The United States has raised import taxes on Chinese goods and China has imposed retaliatory tariffs under a de escalation deal, creating trade uncertainty despite ongoing talks. These tariff measures, together with weak US jobs data, have heightened market expectations of a forthcoming central bank interest rate reduction, influencing equities, bond yields, currencies, and commodity prices while raising concerns that tariffs could elevate inflationary pressures.