Financial markets have been hit by Trump's threats of tariffs, causing declines in equities and bitcoin, which dipped below $108,000.
Lara Maior
Economy
miss.cabul / Shutterstock.com
Always see our news on Google
On Monday, financial markets were rocked by President Trump's threats of trade tariffs, sparking fears of a global trade war. Bitcoin, which recently hit an all-time high, fell below $108,000. Trump warned Japan and South Korea of possible tariffs of 25%, and the list of targeted countries expanded, causing a negative reaction in equity markets. S&P 500 shares fell nearly 1% and Japanese automakers were hit significantly. This geopolitical uncertainty has led investors to consider bitcoin a risky asset.
Sources
Latest News
15:43
Over 500 fires between July 31 - August 2, in Romania
15:31
The extreme heat in Bihor has led to the rationing of water for 6,000 residents of the Popești commune.
15:20
The derby between CFR Cluj and U Cluj, rescheduled by the Professional Football League
15:13
Elisabeta Lipă asks Ilie Bolojan to support athletes more: "For a year and seven months, no one has been awarded."
15:07
The tank ship Baustella, under the Hong Kong flag, has run aground on the Sulina Canal, temporarily blocking maritime traffic.
See more news
NEWS ON THE SAME TOPICS
.webp)
Personalized news feed, AI-powered search, and notifications in a more interactive experience.
