Reported 25 days ago
Investors are becoming more cautious as President Trump's announced tariffs on auto imports escalate global trade tensions, leading to reduced exposure in risky assets. While gold prices soared, auto manufacturer stocks plummeted, and currencies from impacted countries showed surprising resilience. Analysts predict potential declines in U.S. corporate earnings due to the tariffs, highlighting the economic uncertainty surrounding the approaching deadline for the new tariffs.
Source: YAHOO