The introduction of new tariffs by the Donald Trump administration has hit American assets hard. About this write Bloomberg.
US stock index futures fell more than 4%, the dollar fell and the yield on 10-year Treasury bonds hit its lowest level since October.
Other economies were less affected. The Stoxx Europe 600 index lost 1,9%, while the euro rose 2,2% against the dollar. The Japanese yen strengthened 1,9%. Overall, the dollar suffered its worst day in two years as investors braced for the economic fallout.
National Australia Bank Ltd expert Ray Attrill explained that “increasing concerns about US economic growth due to new tariffs and falling stocks mean the dollar is losing its traditional support as a reserve currency.”
The US stock market was already volatile, but now things have gotten worse. The S&P 500 has lost 3,6% since the beginning of the year, and the Nasdaq 100 has lost 7%. US tech giants have also suffered losses. In contrast, the German DAX has risen by 10% in 2025.
The publication notes that investors are looking for safe assets, anticipating possible countermeasures from other countries.
