Trump's tariff announcement has become a significant event, causing fluctuations in financial markets.
Market Impact of Tariffs
On April 2, Trump announced a 10% fixed tariff, initially causing Bitcoin to surge to $88,500. However, after the announcement of country-specific tariffs, selling in the market intensified, raising doubts about the tariffs' influence on financial results.
Escalation of the Global Trade War
Trump's decision to impose a minimum 10% tariff on all imported goods from countries such as China, Japan, and the European Union signifies a significant escalation in global trade war fears. These tariffs are much higher than historically established levels and could have a serious impact on the world economies, prompting other countries to possible retaliatory measures.
Global Community Reaction
Markets reacted to this event with a decline in the S&P 500 by over 3%. Stocks of major tech companies like Apple and Amazon suffered significant losses. With an increase in interest towards safe-haven assets, the Japanese and Swiss currencies strengthened, while gold prices reached record highs.
The announced tariffs have the potential to bring about profound changes in the global economy and further escalation of trade conflicts. Market reactions indicate that investors are closely monitoring the situation.
