US President Donald Trump announced a new round of tariffs on Thursday, this time targeting top-tier economies like Europe and Canada, after already hitting Japan earlier in the week.
On Wednesday, President Trump hit the markets with new tariffs, 50% on copper and 30% on imports from Brazil and Sri Lanka, raising concerns that he might disrupt the global economy.
U.S. President Donald Trump’s 50% tariffs on copper and plans to impose additional tariffs on more countries unsettled the markets as traders await the release of the latest FOMC Minutes.
Market sentiment remained uncertain early Tuesday, with initial concerns over US President Trump’s tariff announcements easing after he delayed the tariff deadline to August 1.
The week began negatively amid fresh tariff threats from US President Trump and Israeli strikes in Yemen following a Houthi attack on a Red Sea ship.
Asia-Pacific markets saw limited activity on Friday following a busy Thursday, as the US Independence Day holiday and a quiet global calendar slowed momentum.
The market sentiment remains slightly positive as the US-Vietnam trade deal and easing tensions with China.
Despite Trump’s “Big Beautiful Bill” passing the Senate and moving to the House, the US Dollar struggled to gain momentum after bouncing off its lowest level since February 2022.
The market remains uncertain, as optimism over lower rates clashes with concerns over trade and political instability.
Markets started the week with some optimism, boosted by Canada’s decision to drop a planned digital tax on U.S. tech firms and the absence of tensions in the Middle East.
Thursday didn’t turn into a “Turnaround Day” as markets stayed cautious amid mixed signals on US trade, Iran tensions, and mostly weak US data.
Despite being expected to be a quiet day, Wednesday saw volatile trading driven by several global concerns.
The market remained optimistic on Tuesday after ceasefire announcements about Iran and Israel, easing war concerns.
