#TrumpTariffs
⚡ U.S. yields fell amid Trump's threats to impose tariffs that destabilize markets, fueling the "Sell America" trend ⚡
- Trump's statements regarding tariffs have affected U.S. assets as the "Sell America" trend has strengthened.
- The trade war initiated by Trump and concerns about the U.S. financial situation have triggered outflows from stocks, bonds, and the U.S. dollar.
- The trade war has now escalated against Apple, an American company, which has pressured U.S. stock indices that remained under pressure before the Wall Street close.
- Trump threatens Tim Cook's company, stating that "any iPhone sold in the United States that is not made in the country will have to pay a 25% tariff."
- Additionally, he complicated already difficult discussions with the European Union by stating he recommends a 50% tariff on European imports starting June 1.
- U.S. bond yields had slightly declined after a rise supported by Moody's downgrade of U.S. debt, indicating concerns over financial improvement and fears that inflation will remain high due to tariffs.
- The U.S. House of Representatives passed Trump's tax bill, which is now on its way to the Senate for discussions and voting.
- The bill will add nearly $3.8 trillion to the already increasing national debt.
