Support Infographics Daily News Dotcom

Podcasts.

Trump’s Tariffs Shake Asian Markets, Gold Reaches Record High

-
Image by Linda Hamilton from Pixabay

Asian markets saw mixed performances on Tuesday as investors reacted to Donald Trump’s approval of tariffs on steel and aluminium imports, with expectations of further trade restrictions. Hong Kong, Shanghai, Singapore, and Mumbai recorded losses, while Seoul, Bangkok, and Taipei gained.
Market uncertainty pushed gold prices to a record $2,942, as investors sought safe-haven assets. Analysts warned that expanding trade actions could trigger import restrictions and retaliatory measures, increasing volatility.
"Obviously the tariff war is behind the rise; it just reflects more uncertainty and more tension in the global trade situation," said Marex analyst Edward Meir.
Trump announced plans on Sunday to impose an additional 25% tariff on all steel and aluminium imports. He also said he would announce reciprocal tariffs this week, matching rates imposed by other countries and applying them immediately.
Concerns over inflation and Federal Reserve policy strengthened the U.S. dollar, with traders awaiting key inflation data and Fed Chair Jerome Powell’s testimony for insights on interest rates.
Key Market Moves:
Gold hits record $2,942
Hong Kong stocks down 0.6%
Brent Crude up 0.6% at $76.29 per barrel
Dow Jones up 0.4% at 44,470.41
FTSE 100 up 0.8% at 8,767.80

In another development,  President  Trump has signed an executive order Tuesday that aims to considerably keep down the size of the government by instructing heads of federal departments and agencies to undertake plans for "large-scale reductions in force."

Trump's newest order directs the federal government to implement a "workforce optimization initiative" created by Musk's Department of Government Efficiency,.




Comments

Post a Comment

Popular posts from this blog

Press Briefing by Press Secretary Karoline Leavitt, Mar. 26, 2025.

-
Image
  White House   press secretary   Karoline Leavitt    on Wednesday has criticized  the media, Democrats, and likely some   Republicans   in the House and Senate for trying to “sow chaos” in the White House with their response to the   Signal   text chain debacle. Leavitt was asked by a reporter if she would definitively say that no one would be fired after a journalist was accidentally added to a Signal thread with top U.S. officials discussing military plans. Leavitt said, "What I can say definitively is what I just spoke to the president about, and he continues to have confidence in his  national security team ." Meanwhile, CNN's Collins attempted to ask the press secretary a follow-up question, but was quickly cut off by Leavitt, who called on another reporter in the room.
Read more

Full transcript: Trump delivers commencement speech to West Point graduating class of 2025

-
Image
                                                                             Donald Trump    May 24, 2025. Donald Trump  Well, I want to thank you very much. This is a beautiful place. I've been here many times going to high school, not so far away. Good, a good place. Also, a military academy. Not quite of this distinction, but it was a lot of fun for me. And I just wanna say hello cadets and on behalf of our entire nation, let me begin by saying congratulations to the West Point class of 2025, you are winners, every single one of you. Thank you. And now we want you to relax and I'm supposed to say, "At ease." But you're already at ease. You're at ease because you've made a great choice in what you're doing. Your choices in life has been really amazing. So this is a celebration a...
Read more

Trump signs executive order targeting ticket price reselling

-
Image
  President Trump signed an executive order targeting the ticket reselling industry during a signing ceremony from the White House. The new order will allow the Justice Department and Federal Trade Commission to go after the reselling industry, which has used computer bots and algorithms to buy large blocks of tickets and resell them at extremely higher prices.  Musician Kid Rock, who also appeared at the Republican National Convention last July, was present at the signing in the Oval Office.  The president also took several questions from the press, including on the possibility of additional sanctions on Russia, immigration, and tariffs. “I’ve spoken to him over the years about it and it bothers him,” Trump said about Kid Rock during the executive order’s signing. “It bothers a lot of other artists. They go out with a $100 ticket, and it sells for $2,000 the following night.” Trump admitted that he hadn’t known much about price gouging, “but I checked it out, and it is a...
Read more