Stocks, dollar drop as tariff talk dominates
- Donald Trump announced he could begin sending tariff letters to countries starting Friday.
- China will impose 'anti-dumping' taxes of up to 34.9 percent on cognac and other brandy from the European Union starting Saturday.
- Concerns about potential tariffs on countries like Japan, South Korea, India, and Taiwan are raising worries about the global economy.
84 Articles
84 Articles
The West’s stock markets fall due to new trade tensions after Donald Trump announced that he will send letters to the countries, indicating what will be the tariff he has decided to set unilaterally. Rates will range between 10% and 70% and will enter into force from next August 1. The global shares grouped in the MSCI World index register a contraction of 0.1%, while the MSCI ACWI that includes the emerging ones recedes 0.09%. In Europe, the Ib…
Wall Street Surges, Trump Tariff Blitz Looms, Dollar Struggles - Action Forex
Last week’s market action displayed a familiar theme: investors are choosing to focus on growth — even if it’s fragile — and political clarity, however fleeting. US equities roared to record highs as a wave of macro and policy news washed over Wall Street. Yet the outlook is far from simple. The 90-day tariff truce […] The post Wall Street Surges, Trump Tariff Blitz Looms, Dollar Struggles appeared first on Action Forex.
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