DopeNews

The EU introduced tariffs on €21 billion ($23.2 billion) of U.S. goods in response to Trump’s 25% duties on European steel and aluminum, while China raised tariffs on U.S. imports to 84% from 34%.

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U.S. tariffs on EU goods now stand at 20%, and cumulative levies on Chinese goods reached 104%, sparking global market instability and undermining confidence in Treasuries as safe-haven assets.

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The S&P 500 surged several percentage points after President Trump announced a 90-day tariff pause, sparking debate over whether Trump’s comments manipulated the market or reassured Americans, with critics arguing his remarks often sway markets for better or worse.

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US stocks saw a surge on Tuesday morning as traders digested the latest news on tariffs, with President Donald Trump announcing talks with Japan to forge a trade deal. This comes as traders aim to recover from significant losses since the pandemic began. The market’s volatility is largely attributed to Trump’s tariff plans, which have sparked concerns over inflation and economic growth.

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#UNBriefingToday on Sudan: The UN Office for the Coordination of Humanitarian Affairs warns that escalating violence in Sudan’s Darfur region has displaced over 4,000 people in North Darfur state, with many more in need of urgent shelter, food, water and medical supplies amid severe funding gaps and logistical challenges.

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Analysts like Frederique Carrier of RBC Wealth Management caution against immediate buying opportunities, citing risks of prolonged trade disputes destabilizing financial markets.

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Dominik Schmidlin of St. Galler Kantonalbank predicts continued volatility and advises a defensive investment strategy, including underweighting equities amid ongoing uncertainty.

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The Stoxx Europe 600 Index dropped 3.5%, with 97% of its companies declining, led by steep losses in health care, energy, and real estate sectors.

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