Trade, tariffs, energy - market reaction to Trump's first day

SINGAPORE/LONDON/NEW YORK, Jan 21 (Reuters) - Global markets were volatile while the dollar rebounded on Tuesday in choppy trading in the first few hours of Donald Trump's new presidency after he announced plans for trade tariffs on neighbouring countries.

Trump was quoted saying his team was thinking of tariffs around 25% on Canada and Mexico which could be announced on Feb. 1. The comments came as a surprise given officials had earlier signalled any new taxes would be imposed in a "measured" way.

Here are some comments from investors and analysts:

"It's Trump's world and we are all just living in it - and the markets are going to have to get used to that again. I think the price action in currencies tells you a clearer story about trade war risks and the signals are pretty apparent - tariffs mean a stronger US Dollar due to higher import prices and weaker global growth, no tariffs means stronger global trade and a more robust global growth backdrop."

"Just like the first Trump administration, the markets are highly sensitive to headline risk, especially as it relates to trade wars."

"You don't expect Trump's inauguration to trigger a big rally, as it's unrealistic for Sino-U.S. ties to suddenly reverse … and you don't read too much into the words of Trump, who is very fickle."

"I think Trump is now more pragmatic toward China."

"While there was no immediate tariff imposed on China, providing some relief to the market, President Trump has initiated tariffs on Canada and Mexico. It is unlikely that he will alter his plan regarding tariffs on China."

"A potential delay in the imposition of tariffs on China could also lead Chinese authorities to abstain from implementing a definitive stimulus. In such a scenario, renewed market skepticism about China's growth recovery may overshadow the tariff narrative, as an inadequate stimulus to bolster domestic consumption would underscore the growth disparity between China and the U.S.."

"Twenty five percent looks high as a starter, and markets reacted quickly, especially in FX. I think...
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