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.
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
U.S. President Donald Trump says Iran and Israel have agreed to a complete ceasefire "that will end the 12-day war between the two countries."
U.S. President Donald Trump today celebrated a potential turning point in regional tensions, declaring "CONGRATULATIONS WORLD, IT’S TIME FOR PEACE!" in a post on Truth Social.
U.S. President Donald Trump rejects claims that recent American strikes on Iranian nuclear facilities had limited effect, declaring the sites were "totally destroyed."
Iran said Monday that the U.S. strike on its nuclear sites had expanded the range of legitimate targets for its armed forces and branded U.S. President Donald Trump a “gambler” for joining Israel’s military campaign.
At least three people have been killed and several others injured after an Iranian missile struck the southern Israeli city of Be'er Sheva, hitting a residential building.
Iranian state-run outlet Press TV has reported that nuclear scientist Mohammad Reza Siddiqi was assassinated in a targeted attack in northern Tehran.
At least 71 people have been killed and 20 injured in a terror attack on a village in Niger’s Tillaberi region, local media reported.
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
Three powerful explosions were reported early Tuesday at Al-Taji military base, about 30 kilometres north of Baghdad.
Iran launched 18 ballistic missiles late Sunday targeting the U.S. military’s Al-Udeid Air Base in Qatar, the largest American installation in the Middle East.
Iranian missiles struck multiple locations across Israel and neighbouring regions early Friday morning, including a Microsoft office complex, according to emergency responders and local media reports.
A high-speed tram derailment in central Gothenburg, Sweden, has left at least eight people injured late on Thursday (19 June), after the vehicle slammed into a snack bar on Avenyn Avenue.
China has unveiled a mosquito-sized bionic drone designed for covert military operations and battlefield reconnaissance, marking a major advance in micro-robotics and stealth technology as part of the country’s growing focus on next-generation warfare capabilities.
Wizz Air has suspended all flights to and from Tel Aviv, Israel, and its European services to Amman, Jordan, effective immediately until 15 September due to escalating situation in the Middle East. Also, the air carrier temporarily suspended its flights between Astana, Kazakhstan, and Abu Dhabi.
At least three people have been killed and several others injured after an Iranian missile struck the southern Israeli city of Be'er Sheva, hitting a residential building.
Iranian state-run outlet Press TV has reported that nuclear scientist Mohammad Reza Siddiqi was assassinated in a targeted attack in northern Tehran.
At least 71 people have been killed and 20 injured in a terror attack on a village in Niger’s Tillaberi region, local media reported.
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
Three powerful explosions were reported early Tuesday at Al-Taji military base, about 30 kilometres north of Baghdad.
At least three people have been killed and several others injured after an Iranian missile struck the southern Israeli city of Be'er Sheva, hitting a residential building.
Iranian state-run outlet Press TV has reported that nuclear scientist Mohammad Reza Siddiqi was assassinated in a targeted attack in northern Tehran.
At least 71 people have been killed and 20 injured in a terror attack on a village in Niger’s Tillaberi region, local media reported.
Iranian Deputy Foreign Minister Abbas Araghchi says there is no ceasefire agreement with Israel, directly rejecting U.S. President Donald Trump’s earlier claim of a truce between the two countries.
Three powerful explosions were reported early Tuesday at Al-Taji military base, about 30 kilometres north of Baghdad.
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