Wednesday's Markets Update (April 2, 2025)

12 Apr 2025 by rate3

Markets all over the world were volatile in anticipation of tariffs that were to be announced after the closing. Trump imposed a 10% universal tariff, along with additional levies on 60 nations, and 25% duties on auto imports. Many countries, including the EU and China, issued statements criticizing the tariffs as violations of trade rules, calling them an act of 'bullying.' The dollar index plunged, and oil also declined as markets became risk-averse following the higher-than-expected tariffs. Gold hit a new ATH. BTC, ETH, and SOL are in the red after fluctuating widely.