Dollar Surges to 20-Year High as Trump’s New Tariffs Trigger Global Market Sell-Off
Posted: Feb 03, 2025
- Markets in turmoil after Trump announces 30% tariff on $300 billion Chinese imports
- Dollar Index (DXY) up 2.3%, S&P 500 Futures down 3.1%, Nasdaq 100 Futures down 3.8% (Tech stocks hit hardest)
- Currency volatility: Yuan falls 1.8%, Euro at 20-year low
- Stocks like Apple, Tesla, and Nvidia face supply chain disruptions
- Analysts warn tariffs could raise U.S. inflation by 0.8%
- Defensive stocks (utilities, healthcare) may offer stability
- Gold and Treasury bonds could hedge volatility
- Fed may consider rate cuts to counter economic challenges.
- U.S. dollar hits 20-year high due to Trump's tariffs on China
- Dow Jones Industrial Average futures down 2.8%
- S&P 500 down 3.1%
- Trump announces 30% tariff on $300 billion worth of Chinese imports
- Market panicking over currency volatility, supply chain fears, and inflation risks
- Analysts warn of $150 billion in global supply chain disruptions for companies like Apple, Tesla, and Nvidia
- Global markets see declines, Euro falls to 20-year low
- Investors predict a 75% chance of a rate cut to counter economic headwinds
- Consumers should expect higher prices on electronics and EVs
- Policy watch: Bipartisan backlash grows in Congress over inflation risks.
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