The US just raised tariffs on Chinese imports to a staggering 245%. This isn’t just about trade anymore—it’s starting to feel like a full-on power move. In response, China suspended cargo services to the US, meaning many companies won’t ship anything in or out.
This could create major shockwaves in global supply chains.
Meanwhile, all eyes are on Jerome Powell. He’s set to speak tonight at 8:15 PM Turkish time at the Economic Club of Chicago. Markets are holding their breath, hoping for signals on whether rate cuts are still in play—or if inflation worries will keep the Fed cautious.
With both geopolitical and financial pressure rising, Powell’s words could shape the next major market move.
Will he calm the storm—or fuel the fire?
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