Trump's Announcement on Tariffs Triggers Market Reaction 👌🇱🇷⚡️
The announcement by U.S. President Donald Trump of a comprehensive tariff rate of 10% has sparked shocks in the market, but not entirely negatively. Although it was lower than expected, this move may have triggered an increase in risk assets.
The U.S. Dollar Index (DXY) was affected, falling by 50 points in the short term. At the same time, Bitcoin experienced an astonishing rapid increase of over $1,500. Spot gold initially fell but later recovered, showing initial uncertainty in the market. Nasdaq futures rose by more than 2% in after-hours trading.⌚️
Trump's tariff announcement is part of his efforts to address the national emergency posed by illegal immigrants, including fentanyl, entering the U.S. from Canada, Mexico, and China. The tariffs aim to hold these countries accountable for stopping illegal immigration and halting the flow. ✅️
It is worth noting that Trump had previously threatened to impose tariffs of 25% on all products from Mexico and Canada, along with an additional 10% on goods from China. However, the announced tariff rate was lower than expected, which may have contributed to the positive market reaction.👌✅️