Trump’s Surprise Tariffs Shake Markets | USD Drops, Gold Soars


Trump’s Surprise Tariffs Shake Markets | USD Drops, Gold Soars
Late last night, U.S. President Donald Trump announced a sweeping set of reciprocal tariffs on global trade partners, triggering sharp moves across the financial markets.

Key Announcements:
• 10% tariff on all imported goods into the U.S. (effective April 5)
• 25% tariff on all imported vehicles
• Country-specific tariffs:
o China: 54% total (including previous 20%), effective April 9
o EU: 20%, Vietnam: 46%, Taiwan: 32%
• Canada and Mexico excluded
• Countries must adjust trade policies to seek exemptions
• Announcement has escalated global trade tensions overnight
Market Reaction:
• Gold (XAU/USD): Surged to new all-time highs
USD Index (DXY): Fell sharply
• U.S. Stocks: Major indices dropped over 2%
Forex: High volatility in USD, JPY, and commodity currencies
Summary:
This surprise move by the U.S. government has created intense short-term volatility across forex, commodities, and equities. News-based trading setups are in play, with gold and safe-haven currencies in focus.


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