President Trump: I am allowed to cut off all trade with a country

💡 DMK Insight

Trump’s vow for a 10% global tariff could shake markets—here’s why. The Supreme Court’s ruling against his tariffs signals a significant shift in trade policy, potentially leading to increased volatility in forex and commodity markets. Traders should watch how this impacts the USD, as tariffs often lead to currency fluctuations. If Trump follows through with the global tariff, expect reactions from major trading partners, which could escalate into broader trade tensions. This might not just affect the USD but also commodities like gold and oil, as tariffs can influence demand dynamics. On the flip side, while some traders might see this as a bearish signal for the USD, others could view it as a buying opportunity if they believe the market will stabilize after the initial shock. Watch for key levels in USD pairs, particularly against the EUR and JPY, as these could reveal sentiment shifts. Keep an eye on the next few weeks for any retaliatory measures from other nations, which could further complicate the trading environment.