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🔥 Trump’s Tariff Shockwave Slams Global Markets
Pulse of the market
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President Trump announced sweeping new tariffs: 100% on branded drugs, 25% on heavy-duty trucks, 50% on cabinets, and 30% on furniture, all kicking in October 1.
Asia markets tumbled—Japan’s pharma sector got crushed, India’s Sensex extended losses for a 6th day, and global traders are scrambling to recalibrate their bets.
The bigger picture? The U.S. dollar is holding firm, rate cuts hopes are fading, and supply chain plays are under pressure.
