U.S. markets experienced a strong rally, and according to Donald Trump, it's his economic and trade policies that are driving it. On Thursday, the former president made waves again with a post on Truth Social, claiming full credit for the surge in tech stocks, cryptocurrencies, and Nvidia’s market explosion.

🗣️ Trump wrote:

“Tech stocks, industrial stocks, and NASDAQ hit HISTORIC HIGHS! Crypto is booming! Nvidia is up 47% since Trump Tariffs. The country is BACK. Fed should cut rates. NO INFLATION!”

📊 Wall Street Hits Records, Bitcoin Breaks New High

According to CNBC, the Dow Jones Industrial Average jumped 217 points, a 0.5% increase, while the S&P 500 gained 0.2%. The Nasdaq Composite hit a new record shortly after opening, though it later flattened out.

Bitcoin soared to a new all-time high of $112,259, while Nvidia shares jumped nearly 2%, briefly reaching a market cap of $4 trillion – the first public company ever to do so.

Trump attributed these gains to his newly announced tariffs, including a 50% duty on imported copper, set to take effect on August 1.

🌍 Trump Slaps Tariffs on Brazil and 21 Other Nations

Brazil is now facing a 50% tariff – which Trump says is not just due to “unfair trade” but also as a reaction to the trial of former president Bolsonaro over the alleged 2022 election plot. Brazil's current president Lula da Silva responded by promising countermeasures under the country’s reciprocity laws.

iShares MSCI Brazil ETF (EWZ) dropped 2% following the announcement.

Beyond Brazil, Trump has sent formal letters detailing new trade tariffs to 21 countries, including Japan and South Korea, all set to begin on August 1.

📉 Mixed Signals: Unemployment and Inflation

While the stock market shines, the economic data tells a mixed story:

🔹 Initial jobless claims fell by 5,000 to 227,000 – lower than Dow Jones’ estimate.

🔹 However, continuing claims rose to 1.96 million, showing an increase in long-term unemployment.

⚠️ Bank of America warns that inflation may rise again, partially due to the newly imposed tariffs. Analyst Stephen Juneau wrote that stock market gains and rising import prices could push inflation higher in the coming months.

📌 Summary

Trump is celebrating record numbers while Wall Street rallies and crypto skyrockets. While his tariff strategy may boost short-term market sentiment, economists and investors remain alert to the long-term effects on inflation and global trade. The question remains: how long can the U.S. economy sustain this momentum?



#TRUMP , #stockmarket , #NVIDIA , #bitcoin , #CryptoNews

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