Global trade tensions are rising, and everyone is looking at Powell tonight.

The United States just raised tariffs on Chinese imports to an incredible 245 percent. This goes beyond trade now and looks more like a power play. China responded by suspending cargo services to the United States. That means many companies will no longer ship anything to or from the United States.

This could seriously disrupt global supply chains.

At the same time, all eyes are on Jerome Powell. He will speak tonight at 8:15 PM Turkish time at the Economic Club of Chicago. Markets are waiting for some clue as to whether rate cuts are still on the table or if inflation concerns will keep the market cautious.

With geopolitical and financial pressure mounting, Powell's words could shape the market's next moves.

Do you think his speech will calm things down or stir them up even more? #BinanceAlphaAlert #binance