Trump's announcement of increased tariffs led to decline in US equities and global trade concerns.

From Investing.com: 2025-03-04 05:04:00

US equities declined as President Trump announced increased tariffs on its closest trading partners, sparking concerns about global trade tensions. Risk assets were negatively impacted, with US stock indices suffering significant losses. Dollar also recorded losses against major currencies, with rising above 1.0500 and hovering below 150.15. Oil prices remained under pressure as OPEC+ alliance prepared to implement a small supply increase in April. Cryptocurrency market experienced high volatility, with prices fluctuating after Trump’s comments. Global markets are anticipating further developments in the ongoing trade war and their impact on the economy.



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