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.
A top security official in Donald Trump’s administration has resigned, saying Iran posed no imminent threat to the United States...
Employees of Voice of America (VOA) who had spent nearly a year on paid administrative leave may soon return to...
Start your day informed with AnewZ Morning Brief. Here are th...
Russia and Iran are “brothers in hatred” Ukrainian President Volodymyr Zelenskyy told the UK Parliament f...
Morocco has been declared winners of the 2025 Africa Cup of Nations and Senegal stripped of their title by ...
A top security official in Donald Trump’s administration has resigned, saying Iran posed no imminent threat to the United States, as tensions escalate with Tehran vowing a “decisive” response to the killing of security chief Ali Larijani in overnight Israeli strikes.
The real power of the Strait of Hormuz lies not in closing it, but in the threat of closure.
Iran has confirmed the death of its top security Chief, Ali Larijani after Israel claimed responsibility for his death. They also confirmed the killing of Basij commander Soleimani.
Governments around the world are responding cautiously to U.S. President Donald Trump’s call for countries to send naval ships to the Strait of Hormuz to protect commercial shipping and help restore the flow of global oil supplies.
The other evening, I was fuelling my car at a petrol station in Kenya’s capital. It was one of those small moments most motorists barely notice. The attendant filled the tank, I glanced at the pump price, paid, and drove off.
Morocco has been declared winners of the 2025 Africa Cup of Nations and Senegal stripped of their title by the Confederation of African Football (CAF).
President Donald Trump said NATO is making a “very foolish mistake” by refusing to help the U.S. as Israel Katz claimed Ali Larijani was killed in Israeli strikes.
Kouri Richins, a U.S. woman who penned a children’s book about bereavement after the death of her husband has been found guilty of killing him.
Myanmar's Parliament will has convened for the first in the five years since the current military administration seized power five years ago ousting Nobel winner Aung San Suu Kyi.
Employees of Voice of America (VOA) who had spent nearly a year on paid administrative leave may soon return to work after U.S. District Judge Royce C. Lamberth ruled that efforts to scale down the broadcaster were unlawful.
Start your day informed with AnewZ Morning Brief. Here are the top news stories for the 18th of March, covering the latest developments you need to know.
Russia and Iran are “brothers in hatred” Ukrainian President Volodymyr Zelenskyy told the UK Parliament following a meeting with British Prime Minister Keir Starmer on Tuesday (17 March).
Morocco has been declared winners of the 2025 Africa Cup of Nations and Senegal stripped of their title by the Confederation of African Football (CAF).
U.S. President Donald Trump on Tuesday (17 March) announced that he is postponing a highly anticipated trip to Beijing to meet Chinese President Xi Jinping, citing the war with Iran as the main disruption to efforts to ease tensions between the world’s two largest economies.
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