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Trump Imposes Global Tariffs Overnight – USD Falls, Gold Hits Record High
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 vehiclesCountry-specific tariffs:
China: 54% total (including previous 20%), effective April 9EU: 20%, Vietnam: 46%, Taiwan: 32%Canada and Mexico excludedCountries must adjust trade policies to seek exemptionsAnnouncement has escalated global trade tensions overnightMarket Reaction:Gold (XAU/USD): Surged to new all-time highsUSD Index (DXY): Fell sharplyU.S. Stocks: Major indices dropped over 2%Forex: High volatility in USD, JPY, and commodity currenciesSummary: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.
I find Donald Trump to be a net positive for traders like us who thrive on volatility. Managed to make quite a bit lately!
Follow MM and you will always be in the black, no matter what the market shakes up)
