Trump's new tariff policy has affected global markets

After US President Donald Trump announced the introduction of new tariffs on imports, global financial markets and commodity markets experienced sharp changes. In the evening trading on Wednesday, April 2, the dollar fell, oil prices fell, and gold prices broke historical records.

Dollar and oil prices fell

After Trump's statement on the new tariff policy, the euro appreciated against the dollar by 0.38 percent, the pound sterling by 0.54 percent, and the Japanese yen by 0.17 percent. This led to a short-term fluctuation in exchange rates.

At the same time, a decline was also observed in the oil market. The American brand WTI fell by 0.27 percent, and the European Brent crude oil fell by 0.59 percent. According to market analysts, the main reason for this process is that Trump's tariff policy may slow down global economic growth and reduce demand for oil.

A sharp decline in the stock market

Although the US stock market rose before Trump's speech on April 2, the scale of the announced tariffs had a negative impact on the market.

• Futures on shares of companies included in the S&P 500 index fell by 1.7 percent.
  
• The Nasdaq index lost 2 percent.
  

This means that investors expect prices to fall when the market opens on April 3. The yield on US government bonds also fell slightly.

Analyst Chris Zaccarelli told Reuters that the market reacted positively when Trump initially said that the tariffs would be imposed at a base rate of 10 percent. However, after he announced that the rate would be much higher for some goods, market futures turned negative.

Gold prices rise to record highs

Gold prices have been rising in recent months against the backdrop of Trump's return to the White House. This process is mainly due to investors fleeing economic and geopolitical instability and switching to conservative assets.

• On January 20, the price of gold was around $ 2,700 per ounce.
  
• By the end of March, the price had reached a record high of more than $ 3,000.
  

On April 2, after Trump's speech, the price of gold rose another 1 percent to $ 3,146 and then stabilized at $ 3,142.

Trump's new tariff policy has led to sharp changes in global markets. While the dollar and oil prices have fallen, gold prices have reached record levels. Negative trends have also been observed in the securities market. According to analysts, the US president's trade policy may increase market instability in the future. Follow “Zamin” news on “Telegram”