Ihtisham_Ul Haq
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🚨What looked like a normal Fed day just turned into a global shock.
Here is what happened:
• Q2 GDP came in hot at +3%
• Fed kept interest rates unchanged
• Powell said: “Tariff-driven inflation is just getting started… we’re staying patient”
So far, everything was steady.
Then came Trump and flipped the script:
• 40% tariffs on Brazil
• 50% on all semi-finished copper imports
• Announced $350B trade deal with South Korea (includes $100B LNG + 15% tariffs)
• 25% tariff on India over its ties with Russia
• Called Russia and India “dead economies”
• Said BRICS is a direct threat to the U.S. dollar
• Hinted at a big China deal coming soon
What started as a quiet Fed day is now a full-on trade offensive.
All eyes on August 1, the global response will be key.
Here is what happened:
• Q2 GDP came in hot at +3%
• Fed kept interest rates unchanged
• Powell said: “Tariff-driven inflation is just getting started… we’re staying patient”
So far, everything was steady.
Then came Trump and flipped the script:
• 40% tariffs on Brazil
• 50% on all semi-finished copper imports
• Announced $350B trade deal with South Korea (includes $100B LNG + 15% tariffs)
• 25% tariff on India over its ties with Russia
• Called Russia and India “dead economies”
• Said BRICS is a direct threat to the U.S. dollar
• Hinted at a big China deal coming soon
What started as a quiet Fed day is now a full-on trade offensive.
All eyes on August 1, the global response will be key.
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