Live Coverage: Trump announces “Liberation Day” tariffs, Stocks, Gold, US Dollar to rock
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UPGRADEUpending the global trading system – these are some of the descriptions attached to President Donald Trump's upcoming announcement of tariffs. The magnitude and scope of these levies is unknown, and markets are set to rock.
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Upending the global trading system
The globalized world depends on the flows of goods – and their components – across borders. US President Donald Trump plans to announce significant tariffs on goods, aiming to revive America's manufacturing sector.
Companies are unaware of the plans and will have little time to prepare – the duties are set come into effect immediately. The Federal Reserve (Fed) will have to judge if the new policies mean higher inflation and an elevated path of interest rates, or the opposite – a recession that results in higher unemployment and lower rate cuts.
The White House timed the decision to 16:00 Eastern / 20:00 GMT, just as cash trading ends in the US. Futures markets, Gold, and currencies are set to swing.
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Upending the global trading system – these are some of the descriptions attached to President Donald Trump's upcoming announcement of tariffs. The magnitude and scope of these levies is unknown, and markets are set to rock.
Click here to join the live coverage on Discord
Join FXStreet Premium to ask our analysts questions live, read exclusive, actionable analysis, and get Gold and signal alerts.
Upending the global trading system
The globalized world depends on the flows of goods – and their components – across borders. US President Donald Trump plans to announce significant tariffs on goods, aiming to revive America's manufacturing sector.
Companies are unaware of the plans and will have little time to prepare – the duties are set come into effect immediately. The Federal Reserve (Fed) will have to judge if the new policies mean higher inflation and an elevated path of interest rates, or the opposite – a recession that results in higher unemployment and lower rate cuts.
The White House timed the decision to 16:00 Eastern / 20:00 GMT, just as cash trading ends in the US. Futures markets, Gold, and currencies are set to swing.
Live financial market coverage
FXStreet covers major economic releases in a live blog format, to provide readers an instant verdict of the data, rapid analysis of key assets, and, for Premium members, the ability to ask our experts questions in real time.
FXStreet Premium
FXStreet Premium provides subscribers access to analysts, exclusive actionable analysis, signals, Ed Ponsi's webinars, trade plans, and a bullish/bearish indicator for Gold on critical events. Join FXStreet Premium here.
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