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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U.S. President Donald Trump has issued a sharp warning to Hamas after reports that hostages in Gaza City have been moved above ground to serve as human shields against Israel’s ground offensive.
The U.S. military carried out a strike on a Venezuelan drug trafficking vessel in international waters on Monday, killing three people, President Donald Trump announced.
U.S. military officers observed joint war games between Russia and Belarus on Monday for the first time since Moscow used Belarus as a launchpad to enter Ukraine, as U.S. President Donald Trump deepens ties with Moscow's closest ally.
A framework deal has been reached between the U.S. and China over the ownership of social media platform TikTok, U.S. Treasury Secretary Scott Bessent said following trade talks in Madrid.
AnewZ has learned that India has once again blocked Azerbaijan’s application for full membership in the Shanghai Cooperation Organisation, while Pakistan’s recent decision to consider diplomatic relations with Armenia has been coordinated with Baku as part of Azerbaijan’s peace agenda.
A day of mourning has been declared in Portugal to pay respect to victims who lost their lives in the Lisbon Funicular crash which happened on Wednesday evening.
A Polish Air Force pilot was killed on Thursday when an F-16 fighter jet crashed during a training flight ahead of the 2025 Radom International Air Show.
At least eight people have died and more than 90 others were injured following a catastrophic gas tanker explosion on a major highway in Mexico City’s Iztapalapa district on Wednesday, authorities confirmed.
Bangladesh’s interim leader, Muhammad Yunus, said the country will expand imports from the U.S. to further reduce tariffs on Bangladeshi goods, particularly textiles.
U.S. President Donald Trump has issued a sharp warning to Hamas after reports that hostages in Gaza City have been moved above ground to serve as human shields against Israel’s ground offensive.
Polish authorities have detained two Belarusian nationals after a drone was spotted flying over government buildings and the Belweder Palace in Warsaw. The State Protection Service (SOP) neutralised the unmanned aerial vehicle, Prime Minister Donald Tusk confirmed.
Poland’s interception of low-cost Russian drones has exposed NATO’s reliance on billion-dollar defences, fuelling urgent debate on how the alliance can counter cheap threats without unsustainable responses.
The U.S. military carried out a strike on a Venezuelan drug trafficking vessel in international waters on Monday, killing three people, President Donald Trump announced.
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