Trump’s trade tariffs dealt blow to US economy – Bloomberg
The introduction of new tariffs by the Donald Trump administration has resulted in significant losses for American assets, triggering a drop in stock indices and a weakening of the US dollar.
Bloomberg reported this, according to Censor.NET.
According to the report, US stock index futures fell by more than 4% following the introduction of the new tariffs, which also caused the dollar to weaken and the yield on 10-year Treasury bonds to drop to its lowest level since October of last year.
Meanwhile, European and Asian markets suffered smaller losses. The Stoxx Europe 600 index declined by 1.9%, but the euro strengthened by 2.2% against the dollar, and the Japanese yen rose by 1.9%. Over the course of the day, the dollar experienced its sharpest drop in two years, as investors adjusted to the potential negative economic consequences.
Ray Attrill, an expert at National Australia Bank Ltd, noted that rising concerns about U.S. economic growth — driven by the new tariffs and falling stock indices — are contributing to the weakening of the dollar, which is losing its traditional role as a safe-haven reserve currency.
Reports indicate that the U.S. stock market was already experiencing volatility, and the new measures have only worsened the situation. Since the beginning of the year, the S&P 500 has fallen by 3.6%, and the Nasdaq 100 by 7%. U.S. tech companies have also incurred losses. In contrast, Germany’s DAX index has risen by 10% in 2025.
Against this backdrop, investors are actively seeking safe-haven assets, anticipating potential countermeasures from other countries.
