Odaily News IG analysts said in a report that if the United States still lacks clarity on trade policy after announcing tariffs early this morning, risk asset prices could fall further. They said investors remain "deeply uncertain about the scope, scale and objectives of these measures. The lack of transparency has heightened investor anxiety, pushing gold prices to record highs." The United States faces factors such as a slowdown in manufacturing, rising inflationary pressures and weak consumer spending, which complicate the role of the Federal Reserve. Global markets are currently stagnant, but once the tariff policy is announced, it will face "significant volatility", and stock, foreign exchange and commodity markets may experience large fluctuations. (Jinshi)