Oil Prices Climb as Trump Escalates Iran Pressure, Strait of Hormuz Risks Grow 
Port of Los Angeles Posts Record June Cargo Volume as Importers Rush Ahead of U.S. Tariffs 
Malaysia Q2 Economy Grows 5.8%, Beating Forecasts on Strong Tech Exports and Domestic Demand 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Nikkei Plunges 5% as AI Stock Selloff Spreads Across Asia 
Asian Currencies Stay Rangebound as Middle East Tensions, Weak China GDP Weigh on Sentiment 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
US Inflation Expected to Ease in June, but Fed Rate Hike Risks Persist Amid Middle East Tensions 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Brazil Weighs IP Curbs, Patent Suspensions After New U.S. Tariffs 
Gold Prices Head for Biggest Weekly Loss Since June as Fed Rate Outlook Weighs 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Asian Stocks Slide as Chip Selloff Deepens Ahead of TSMC Earnings 
South Korea’s KOSPI Enters Bear Market Despite Remaining 2026’s Best-Performing Major Stock Index 
Oil Prices Set for Weekly Surge as U.S.-Iran Conflict Fuels Supply Fears 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Global markets tumbled Monday after U.S. President Donald Trump imposed new tariffs on Canada, Mexico, and China, escalating trade tensions and fueling fears of inflation and slower economic growth. U.S. stock futures plummeted, with Nasdaq down 2.35% and S&P 500 futures falling 1.8%.
In response, Canada announced 25% retaliatory tariffs on $155 billion worth of U.S. goods, with an initial $30 billion taking effect Tuesday. Mexico’s President Claudia Sheinbaum also vowed countermeasures. China pledged "counter actions," as concerns mount over economic fallout.
Trump’s executive orders enforce 25% tariffs on Mexican and Canadian imports and 10% on Chinese goods, starting Tuesday. The uncertainty surrounding the tariffs has unsettled markets, with analysts warning of declining corporate profits, a stronger U.S. dollar, and higher inflation. The Canadian dollar and Chinese yuan weakened sharply, while the Mexican peso slid nearly 12% in anticipation of the tariffs.
Investors fear that the move could stall Federal Reserve interest rate cuts, potentially shaking financial markets. Barclays estimated the tariffs could slash S&P 500 earnings by 2.8%, while Goldman Sachs predicts a 0.7% increase in core inflation and a 0.4% hit to U.S. GDP.
The euro dropped over 1%, hitting a two-year low, while oil prices jumped more than $2. Wall Street strategists expect further stock sell-offs if the tariffs remain. The Federal Reserve, which paused rate cuts last week, is closely monitoring the situation.
With uncertainty looming over global trade, investors brace for volatility as markets assess the long-term impact of Trump’s latest trade war escalation.
