Reported about 10 hours ago
Financial markets are facing uncertainty as President Trump announced a 30% tariff on the European Union and Mexico starting August 1, challenging their recent resilience to previous tariff threats. Despite investor complacency and expectations of negotiation, analysts warn that such tariffs could have significant repercussions. Trump's growing pressure on Federal Reserve Chairman Jerome Powell adds another layer of risk, potentially affecting the dollar and bond markets. As the international response unfolds, market reactions suggest cautious optimism mixed with skepticism about the actual implementation of the tariffs.
Source: YAHOO