Two risks that could surprise the market in the second half (via CNBCFuturesNow)
by up to six months on whether to place tariffs on automobile and auto parts.
"You have the administration negotiating with Europe, and that's the next thing we'll have to look at after this G-20," he said. "It's a big market for European cars. That could really impact Europe in particular, and I would like to mention the U.S. likely, too."Europe, Emons believes another batch of tariffs would add to volatility and act as a catalyst for more central bank easing measures.
Meanwhile, the trade war between Washington and Beijing is already pushing rate cuts around the globe. He expects the Federal Reserve to join them by trimming interest rates in July to address softening consumer spending and the growth slowdowns tied to trade.
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