The impact of Trump’s tariffs is being felt by global markets today, leading to a rise in the U.S. dollar and a decline in global stocks.
The Mexican peso weakened by more than 2% following Trump’s tariff announcement, while the Canadian dollar fell to its lowest since 2003.
S&P 500 futures fell by 1.6%.
U.S. oil prices increased due to concerns about supply chain disruptions.
Volkswagen AG and Stellantis NV both dropped by over 5%.
Bitcoin fell to $94,000 and Ether plunged by 11% as investors shifted away from cryptocurrencies and focused on the dollar.
Asia-Pacific markets experienced declines, with Australia’s S&P/ASX 200 falling by 1.61%, Japan’s Nikkei 225 decreasing by 1.99%, South Korea’s Kospi dropping by 2.52%, and Hong Kong’s Hang Seng Index declining by 1.23%.
By CEO NA Editorial Staff
