Markets dipped Friday as Trump reignited trade tensions — this time with Canada and possibly Europe. A 35% tariff on Canadian imports hits August 1, and rumors swirl of EU measures coming next.

Trump’s aggressive tariff play is shaking global trade again.

Canada, Brazil, Japan — no one’s spared.

🌍 Global market reaction:

STOXX 600 slipped -0.7%

S&P 500 and Nasdaq futures down -0.6%

U.S. 10Y yield climbed to 4.38%

Gold rallied for the 3rd day — up 0.6% to $3,342

Brent oil sank 2% to $68.88

📉 Currencies:

USD/CAD surged 0.3% to 1.3695

Euro fell to 1.1688

Yen dropped to 146.76 (biggest weekly loss in 2024)

Brazil’s real slumped 2% — worst in 5 months

GBP hit a 2-week low at 1.3538

Despite the chaos, the U.S. dollar is holding firm, driven by safe-haven flows, strong job data, and the Fed staying hawkish.

But the question remains:

Is this a short-term dollar spike, or the start of a deeper reset in global markets?

🧠 As one strategist put it:

“The rich control the game, but the poor are the board. Without the board, there is no game.”

📆 Watch out for key earnings next week — JPMorgan leads the pack.