Live Updates > Live Update Details
2025-08-01 19:21:27
[Trade War Escalates, Global Markets "Stalled"?] ⑴ Trump's new round of tariffs has caused significant turmoil in global markets. ⑵ Global stock markets fell in response, with the pan-European Stoxx 600 index falling over 1% in early trading, marking its biggest weekly drop since April. ⑶ US stock index futures also fell across the board, with Nasdaq and S&P 500 futures both falling over 1%. ⑷ The new tariffs target dozens of trading partners, imposing hefty tariffs of 35%, 50%, 25%, and 39% on Canada, Brazil, India, and Switzerland, respectively. ⑸ Although the market has adjusted to Trump's tariff threats, the broad scope and high rates of these tariffs have exacerbated concerns about slowing global economic growth. ⑹ Capital Economics indicates that the new tariffs will raise the average effective US tariff rate from 2.3% last year to 18%. ⑺ Governments around the world are actively seeking negotiations with the United States in the hope of obtaining more favorable tariff terms, but analysts generally believe that there will be no real winner in the trade conflict and the overall impact will be negative.
