Markets fled to safety Thursday as Trump escalated tariffs on China to 125%, triggering a surge in gold, yen, and bonds. Despite a brief equity rally, investor confidence in U.S. trade policy and the dollar continues to erode.
Financial markets witnessed a swift flight to safety on Thursday after U.S. President Donald Trump intensified his trade war with China, sharply raising tariffs while simultaneously suspending levies on other nations for 90 days. Investors flocked to safe-haven assets such as the Japanese yen, Swiss franc, and gold, while U.S. Treasury bonds rallied, putting the dollar under broad pressure.
Despite Asian equities surging on hopes of eased trade tensions, Trump’s move to single out China with a staggering 125% tariff rate—up from 10%—sparked fresh market anxiety. The Chinese yuan briefly fell to its lowest level since 2007 before slightly recovering. Meanwhile, the Aussie and Kiwi dollars, initially hit due to close trade ties with China, regained momentum as the risk rally spread to Europe.
Analysts noted a growing crisis of confidence in U.S. trade leadership, citing the administration’s erratic policy shifts. ANZ analysts highlighted concerns over the long-term credibility of the U.S. dollar, while others warned of lasting economic damage.
With markets on edge, investors remain cautious, questioning whether temporary policy reversals can offset the uncertainty wrought by Trump’s aggressive trade manoeuvres.
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Thousands of mourners attended a state funeral for Kenyan opposition leader Raila Odinga on Friday under heavy security after a deadly day that saw of...
A senior Kremlin envoy has proposed building an undersea “Putin–Trump Tunnel” connecting Russia’s Chukotka region with Alaska — a symbolic megaproject he says could unite the two nations and open new avenues for trade and resource exploration.
U.S. and Brazilian officials held trade talks on Thursday that the two sides called positive and agreed to work to schedule a meeting between U.S. President Donald Trump and his counterpart Luiz Inacio Lula da Silva "at the earliest possible occasion".
U.S. President Donald Trump will meet Ukrainian President Volodymyr Zelenskyy at the White House on Friday, with talks expected to focus on additional military aid and support for Ukraine’s energy infrastructure.
Former Trump administration national security adviser John Bolton was charged Thursday with illegally storing and transmitting classified information, setting the stage for a high-profile court case involving the longtime Republican foreign policy figure and outspoken critic of Donald Trump.
Video from the USGS (United States Geological Survey) showed on Friday (19 September) the Kilauea volcano in Hawaii erupting and spewing lava.
At least 69 people have died and almost 150 injured following a powerful 6.9-magnitude earthquake off the coast of Cebu City in the central Visayas region of the Philippines, officials said, making it one of the country’s deadliest disasters this year.
Authorities in California have identified the dismembered body discovered in a Tesla registered to singer D4vd as 15-year-old Celeste Rivas Hernandez, who had been missing from Lake Elsinore since April 2024.
A tsunami threat was issued in Chile after a magnitude 7.8 earthquake struck the Drake Passage on Friday. The epicenter was located 135 miles south of Puerto Williams on the north coast of Navarino Island.
The war in Ukraine has reached a strategic impasse, and it seems that the conflict will not be solved by military means. This creates a path toward one of two alternatives: either a “frozen” phase that can last indefinitely or a quest for a durable political regulation.
Heads of security and intelligence agencies from the Commonwealth of Independent States (CIS) convened in Samarkand on October 16 for the 57th meeting of the Council of Heads of Security and Special Service Agencies.
The brother of the man who carried out the 2017 Manchester Arena suicide bombing has denied trying to kill three prison officers in jail where he is serving a life sentence.
The United Nations (UN) World Food Programme said on Friday it has brought about 560 tonnes of food per day on average into Gaza since the Israel-Hamas ceasefire took effect, but that still fell short of the scale of need in the region.
A senior Kremlin envoy has proposed building an undersea “Putin–Trump Tunnel” connecting Russia’s Chukotka region with Alaska — a symbolic megaproject he says could unite the two nations and open new avenues for trade and resource exploration.
Thousands of mourners attended a state funeral for Kenyan opposition leader Raila Odinga on Friday under heavy security after a deadly day that saw officers open fire to disperse crowds at a stadium hosting a public viewing of his body.
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