美国法院叫停特朗普关税后，亚太股市和美股期货先涨为敬！“TACO交易”兴起

Core Viewpoint - The recent ruling by the U.S. International Trade Court blocking Trump's tariff policy has led to a surge in market optimism, with the emergence of a new trading strategy known as "TACO trading," which capitalizes on the expectation that Trump will backtrack on his aggressive trade policies [1][6][7]. Market Reactions - Major Asian stock indices and U.S. futures rose significantly following the court's decision, reversing previous declines [3][4]. - The Nikkei 225 index increased by 1.5% to 38,263.36 points, while U.S. futures for the Dow Jones, S&P 500, and Nasdaq rose by 1.2%, 1.6%, and 1.7% respectively [3][5]. - The U.S. 10-year Treasury yield rose to 4.508%, indicating a shift in market focus from monetary policy to fiscal concerns [5]. TACO Trading Strategy - The "TACO trading" strategy, which stands for "Trump Always Chickens Out," has gained traction among traders who anticipate that Trump will retract his harsh tariff announcements after initial market declines [6][7]. - This strategy was recently validated when Trump postponed the implementation of a 50% tariff on EU goods, leading to a rebound in U.S. stock markets [7][8]. - Analysts suggest that investors have begun to understand Trump's negotiation tactics, likening his approach to a poker game where he may bluff but ultimately retreats under pressure [7]. Economic Implications - The ruling and subsequent market reactions have implications for countries heavily reliant on exports to the U.S., such as Japan and South Korea, which also saw their stock indices rise [4][6]. - The Bank of Korea's decision to cut interest rates from 2.75% to 2.5% reflects efforts to alleviate economic pressures amid these trade uncertainties [4].