Global trade tensions escalate as markets prepare for Powell's speech

The global stage is heating up, and fast.

The United States has just imposed a 245% tariff on Chinese imports, marking a sharp escalation in the ongoing trade war. This move goes far beyond economic rivalry; it feels more like a geopolitical power play.

China hasn't been silent. In retaliation, it suspended cargo services to the United States, halting shipments in both directions. The domino effect? ​​A severe disruption in global supply chains that could affect industries across the board.

And tonight, the spotlight turns to Federal Reserve Chairman Jerome Powell, who will speak at 8:15 p.m. Turkish time at the Economic Club of Chicago. Investors and analysts alike are waiting for any clues about the Federal Reserve's next move: Will rate cuts remain a possibility, or will inflation concerns keep the Fed in hawkish territory?

With geopolitical risks and financial uncertainty rising, Powell's words could be the calm in the storm, or the spark that further shakes the markets.

What do you think? Will Powell be able to cool things down or ignite even more volatility?

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