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.
Russia has violated an energy ceasefire announced by U.S. President Donald Trump, Ukrainian leader Volodymyr Zelen...
Here's your AnewZ Daily Brief for 12 October 2026 with the top five natural disasters happening around the world. ...
One person was killed and nearly a dozen hurt in a new attack Riyadh's international airport on Sunday, Saudi ...
The explosion at King Khalid International Airport in Riyadh on Saturday afternoon killed at least 12 people and injured a further 309, according to Saudi Arabia’s Civil Aviation Authority. The airport remains closed until further notice.
Yemen's Houthis renewed warning to airlines, airport workers, and travellers against using Saudi airports, saying the warning should be taken seriously and that the kingdom “bore responsibility for failed interceptions”, a day after an attack on Riyadh's international airport that killed 12 people.
One person was killed and nearly a dozen hurt in a new attack Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis that killed 13 people and wounded more than 300.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
Ukraine is ready to stop attacks on Russian oil refineries if Moscow also halts strikes on Ukrainian energy infrastructure, President Volodymyr Zelenskyy said on Sunday.
Russia has violated an energy ceasefire announced by U.S. President Donald Trump, Ukrainian leader Volodymyr Zelenskyy said on Monday, urging Washington to step in to ensure that Moscow abided by the terms of the putative agreement.
Here's your AnewZ Daily Brief for 12 October 2026 with the top five natural disasters happening around the world.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
Ukrainian President Volodymyr Zelenskyy said on Monday that Ukraine is ready to respect the energy ceasefire announced by U.S. President Donald Trump, but only if Russia does the same, saying Moscow has already violated the agreement.
China has announced sanctions against Belize’s foreign minister and Paraguay’s communications minister over their countries’ diplomatic ties with Taiwan. The move comes as Beijing continues to pressure the few remaining nations that maintain formal diplomatic relations with Taipei.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment