$BNB The global financial markets are experiencing severe turbulence triggered by Trump's tariff policy. On July 7, 2025, U.S. President Trump announced a series of tariff threats through social media, declaring that starting August 1, tiered tariffs would be imposed on 14 countries: a 25% tariff on goods imported from Japan, South Korea, Kazakhstan, and Malaysia; a 30% tariff on South Africa; and up to a 40% tariff on Laos and Myanmar. The most deterrent is the additional 10% tariff threat on the BRICS nations, with any country supporting its 'anti-American policies' included in the crackdown.

Upon hearing the news, global markets reacted immediately: the three major U.S. stock indexes fell collectively, with the Dow down 1.03%, the Nasdaq down 0.88%, and the S&P 500 down 0.83%. Tesla plummeted 6.8% after Musk announced the formation of a new political party, and market panic quickly spread. Traditional safe-haven asset gold showed resilience amidst the volatility—spot gold prices surged over 2%, breaking through the $3360 per ounce mark, staging a thrilling rebound of nearly $50 from a low of $3296.