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.
Competing versions of what led to the fatal shooting of Renee Nicole Good by an Immigration Customs Enforcement agent are rife as President Trump and ...
President Ilham Aliyev has said the opening of the Zangezur corridor is no longer in question, describing it as a strategic transport link that will c...
Armenian Prime Minister Nikol Pashinyan met the outgoing U.S. ambassador Kristina Kvien at his office in capital Yerevan on Wednesday, according to a ...
Armenian Prime Minister Nikol Pashinyan has confirmed that fuel imports from Azerbaijan have resumed, saying the market is open to all businesses and ...
Iran’s Commander-in-Chief of Army, Major General Amir Hatami has warned against hostile rhetoric from U.S. and Israeli officials. “Iran considers ...
Armenian Prime Minister Nikol Pashinyan met the outgoing U.S. ambassador Kristina Kvien at his office in capital Yerevan on Wednesday, according to a statement released by his office.
Russian attacks late on Wednesday (7 January) left almost all of Dnipropetrovsk and Zaporizhzhia regions without electricity, Ukrainian authorities said, amid freezing temperatures and worsening winter conditions.
U.S. President Donald Trump said he will stop defence contractors from paying dividends or buying back shares until weapons production speeds up, criticising the industry for delays and high costs.
U.S. Secretary of State Marco Rubio said he will meet Danish leaders next week, signalling that Washington is not retreating from President Donald Trump’s stated goal of acquiring Greenland, despite mounting concern among European allies.
Open-source intelligence (OSINT) sources reported a significant movement of U.S. military aircraft towards the Middle East in recent hours. Dozens of U.S. Air Force aerial refuelling tankers and heavy transport aircraft were observed heading eastwards, presumably to staging points in the region.
Snow and ice stalled travellers in northwest Europe on Wednesday, forcing around a thousand to spend the night in Amsterdam's Schiphol airport but delighting others who set out to explore a snow-blanketed Paris on sledges and skis.
Diplomatic tensions between Tokyo and Beijing escalated as Japan slams China's export ban on dual-use goods. Markets have wobbled as fears grow over a potential rare earth embargo affecting global supply chains.
Two people have been killed after a private helicopter crashed at a recreation centre in Russia’s Perm region, Russian authorities and local media have said.
Iran’s chief justice has warned protesters there will be “no leniency for those who help the enemy against the Islamic Republic”, as rights groups reported a rising death toll during what observers describe as the country’s biggest wave of unrest in three years.
Iran’s Commander-in-Chief of Army, Major General Amir Hatami has warned against hostile rhetoric from U.S. and Israeli officials. “Iran considers the intensification of the enemies' rhetoric against the Iranian nation as a threat and will not leave its continuation unanswered,” Hatami said.
Türkiye says it's prepared a self-sustaining international stabilisation force for Gaza and has already begun training, Defence Minister Yaşar Güler said, reiterating Ankara’s readiness to deploy troops to support humanitarian efforts and help end the fighting.
Turkish President Recep Tayyip Erdogan has dismissed reports that Nicolas Maduro, Venezuela’s toppled leader, was previously offered asylum in Türkiye.
Former NATO Deputy Secretary-General Rose Gottemoeller has warned that Europe could face a future without U.S. nuclear deterrence.
Start your day informed with AnewZ Morning Brief: here are the top news stories for the 8th of January, covering the latest developments you need to know.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment