US President Donald Trump to hike global tariffs to 15% from 10%

💡 DMK Insight

Trump’s tariff hike to 15% could shake up market sentiment significantly. With the Supreme Court’s recent ruling against his trade agenda, this move might be a desperate attempt to regain control over trade policy. Traders should keep an eye on how this impacts the forex market, particularly USD pairs, as a stronger dollar could result from increased tariffs. Historically, tariff increases have led to volatility in equities and commodities, so expect potential ripple effects across sectors like agriculture and manufacturing. Watch for key technical levels in major indices; a break below recent support could signal a bearish trend. Also, monitor how global markets react—if major economies retaliate, it could escalate tensions and lead to broader market declines. On the flip side, this could present buying opportunities in sectors that benefit from domestic production. Keep an eye on the next few trading sessions for any significant price movements, especially in commodities that are sensitive to trade policies.