Trade Policy and Market Sentiment: Global Asymmetries in Response to U.S. Tariffs Announcements
This paper examines the global equity market response to U.S. tariff revisions announced on July 31, 2025 and implemented on August 7, 2025 under Executive Order 14326. Using an event-study framework across 37 countries, this study employs Cumulative Abnormal Returns (CAR) and Variance Ratios (VR) over three event wind...