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.
Emirati investment has become a central element of Azerbaijan’s renewable energy ambitions, prompting fresh focus on whether recent high-level visit...
Mounting U.S.-China tensions are heightening concerns about miscalculation, with political distrust increasingly shaping how both sides respond to eme...
Germany has confirmed a 43 million tonne lithium carbonate equivalent resource in the Altmark region, fuelling expectations that Europe could reduce s...
EU leaders meeting with Western Balkan counterparts in Brussels are working to refocus the bloc’s agenda on enlargement, with discussions heavily fe...
European Union and Western Balkans leaders met in Brussels on Wednesday for a high-level summit aimed at strengthening strategic ties and advancing th...
Plans for a $500 million Trump Tower in Belgrade have been cancelled after protests and a legal investigation. The project, backed by Jared Kushner, former White House adviser, was halted after Serbian prosecutors indicted officials over removing the site's cultural heritage status.
U.S. President Donald Trump has ordered a "blockade" of all sanctioned oil tankers entering and leaving Venezuela on Tuesday (16 December), in Washington's latest move to increase pressure on Nicolas Maduro's government, targeting its main source of income.
Citizens from an additional seven countries, including Syria, are being banned from travelling to the U.S. from the 1st of January next year. President Donald Trump made the annoucement on Tuesday (16 December) now has a total of 39 countries banned from entering the States.
President Donald Trump has filed a defamation lawsuit against the BBC over edited footage of a speech that made it appear he encouraged supporters to storm the U.S. Capitol 6 January 2021, marking an international extension of his ongoing battle against media coverage he deems inaccurate or biased.
Cambodia must be the first to declare a ceasefire in the ongoing border conflict, Thailand said on Tuesday (16 December), as fighting continued despite earlier claims that hostilities would stop and at least 52 people have been killed on both sides.
U.S. President Donald Trump confirmed that his administration is examining whether Israel violated the Gaza ceasefire agreement by conducting an airstrike on Saturday (13 December) that killed Hamas leader Raad Saad.
The latest clashes between Thailand and Cambodia mark a dangerous escalation in one of Southeast Asia’s oldest and most sensitive disputes.
In the complex world of international diplomacy, the ongoing tensions between India and Pakistan have raised significant questions about the role of third-party mediation.
The fourth European Conference on Azerbaijani Studies was held in Vienna, Austria, on 5 December, by the European Network for Azerbaijani Studies and the Strategic Consultancy Group.
Mounting U.S.-China tensions are heightening concerns about miscalculation, with political distrust increasingly shaping how both sides respond to emerging crises.
Germany has confirmed a 43 million tonne lithium carbonate equivalent resource in the Altmark region, fuelling expectations that Europe could reduce strategic dependence on China as electric vehicle demand and clean transport targets accelerate.
EU leaders meeting with Western Balkan counterparts in Brussels are working to refocus the bloc’s agenda on enlargement, with discussions heavily featuring Ukraine support and regional security.
European Union and Western Balkans leaders met in Brussels on Wednesday for a high-level summit aimed at strengthening strategic ties and advancing the EU enlargement agenda.
European Commission President Ursula von der Leyen delivered a strong message against antisemitism on Wednesday during a Hanukkah celebration in Brussels.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment