Global financial markets are enjoying a mixed start to the day on Tuesday, with gains for equities, a historic jump for gold and falling Treasury yields, while investors eagerly await clarification on US President Donald Trump’s trade policies.
Global markets under pressure ahead of Trump’s tariff announcement
Uncertainty remains pervasive, not least due to the President’s impending decisions on reciprocal tariffs. This term, introduced by Trump, refers to the imposition of tariffs on foreign goods equivalent to those applied by other countries on US products. If these new taxes are indeed implemented, they could have a significant impact on global trade and economic relations between the United States and its major trading partners, notably China and the European Union.
Investors remain nervous ahead of the scheduled announcement on April 2, dubbed “Liberation Day”, a key moment when Trump will unveil the details of his plan. This expectation is reflected in rising volatility measures in equities, currencies and bonds. The US stock market, which had seen the S&P 500 jump 0.55% on Monday after a series of losses, showed signs of uncertainty with a 0.1% decline in futures at the open on Tuesday. This market oscillation is fuelled by fears that the US economy, already fragile due to slowing growth, could plunge into recession if customs policies are not properly calibrated.
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Read also > [STOCK MARKET UPDATE] Tariffs : a red thread running through the global economy
Featured photo : © Abaca Press
