The US President's exclusion of Russia and Belarus from "Liberation Day" tariffs is a strategic choice, influenced by current sanctions amid the ongoing conflict in Ukraine. This decision follows Donald Trump's global imposition of reciprocal tariffs, leading to significant disruptions in world stock markets, particularly affecting European indexes. US Treasury Secretary Scott Bessent has advised against retaliation, suggesting patience may yield better outcomes. As global markets reacted negatively, investors have shifted their focus toward safer investments, notably gold, indicating heightened uncertainty and volatility in the financial landscape.
The US President has excluded Russia and Belarus from his 'Liberation Day' tariffs, explaining existing sanctions negate any possibility of meaningful trade.
US Treasury Secretary Scott Bessent advised nations to refrain from retaliating against tariffs, suggesting patience could define the outcome of the trade war.
Donald Trump's implementation of global reciprocal tariffs caused significant declines in world stock markets, particularly affecting European indices like the FTSE 100 and German Dax.
Investors have turned to gold amidst market turmoil, reflecting shifts towards safer assets as stock exchanges witness steep drops following Trump’s tariff announcements.
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