What started as a quiet Fed update on August 1… turned into global chaos.
Here’s what happened — and why it matters 👇
📊 Everything Seemed Normal… at First
The U.S. economy showed strong growth: +3% GDP for Q2
The Fed kept interest rates unchanged
Jerome Powell stayed cautious, saying:
“Tariff-driven inflation is just getting started”
Markets were calm. Nothing surprising... until Trump took the mic. 🎤
⚡ Then It Blew Up: Trump’s Surprise Press Conference
Former President Donald Trump made an unplanned appearance and announced massive new trade policies:
🇧🇷 40% Tariff on Brazil
🔌 50% Tariff on all semi-finished copper imports
🇰🇷 $350B trade deal with South Korea
• $100B in LNG exports
• 15% tariffs on various sectors
🇮🇳 25% Tariff on India
🧱 Called BRICS a threat to the U.S. dollar
⚠️ Referred to Russia & India as “dead economies”
🐉 Hinted at a big trade deal with China soon
🌐 Market Reaction Was Immediate
BRICS countries may retaliate
Copper & LNG prices spiked
Currencies like INR, BRL, KRW saw sharp moves
Traders now view August 1 as Day 1 of a new trade war
Even crypto traders are watching closely. Volatility ahead.
📌 Why This Matters for You
This isn’t just politics — it impacts:
Global stocks
Emerging market currencies
Commodities like copper, LNG
Crypto sentiment (BTC, ETH often react to macro shocks)
🧠 Final Word: Stay Sharp
This was no ordinary Fed day.
This was a major shift in global trade policy — and markets are still processing it.
💥 Expect turbulence ahead across all markets.
#TRUMP #Tariffs #FedDay #CryptoMacro #BTC