What started as a calm Fed day just erupted into a global trade shock.
GDP surprised at +3%. Rates held. Powell kept his cool.
Then Trump flipped the script:
• 40% tariffs on Brazil
• 50% on semi-finished copper
• $350B trade deal with South Korea
• 25% tariff on India
• Called Russia & India “dead economies”
• Branded BRICS a threat to the USD
• Hinted at a major China deal
This isn’t just about Fed policy anymore, it’s geopolitical chess.
August 1 is now a global market inflection point.