U.S. Markets Rally After Trump Drops New Tariffs on EU
U.S. markets jump after Trump scraps new EU tariffs, lifting the Nasdaq 1.2% and adding roughly $700 billion in market value.
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U.S. markets jump after Trump scraps new EU tariffs, lifting the Nasdaq 1.2% and adding roughly $700 billion in market value.
A new study shows 96% of the cost of Trump-era tariffs is paid by U.S. importers and consumers, not foreign exporters.
Global markets sold off sharply after President Donald Trump announced new tariffs on European imports, triggering a rush into safe-haven assets as equities and crypto assets tumbled.
Copper prices surged past $12,000 per metric ton for the first time on record, driven by supply disruptions and trade distortions tied to U.S. tariff policy, marking the metal’s strongest annual performance in over a decade.
China is set to levy provisional duties of up to 42.7% on European dairy imports, a move widely seen as retaliation for EU restrictions on Chinese electric vehicles.
South Korea auto stocks climbed over 4% after the U.S. confirmed a tariff cut to 15%, boosting Hyundai, Kia and the broader market.
The United States and Switzerland agreed on a framework trade deal that cuts U.S. tariffs on Swiss exports from 39% to 15% and secures $200 billion in Swiss investment in the U.S. through 2028.
Gold prices hit a new all-time high above $4,200 per ounce as investors reacted to deepening U.S.-China trade tensions and rising bets on further Federal Reserve rate cuts.
Gold hit a record $4,179 per ounce on Tuesday as investors piled into safe-haven assets amid escalating US-China trade tensions and expectations for deeper Federal Reserve rate cuts.