Oil Prices Drop as U.S.-Iran Talks Ease Supply Concerns 
Yen Near 40-Year Low as USD/JPY Approaches Key 162 Level, Raising Intervention Concerns 
Asian Stocks Slide as AI Rally Pauses, South Korean Chipmakers Lead Regional Decline 
Oil Prices Steady as U.S.-Iran Truce Uncertainty and Middle East Tensions Keep Markets on Edge 
US Dollar Hits One-Year High as Hawkish Fed Outlook Overshadows Middle East Developments 
France Faces Long Road to Economic Rebalancing as Weak Demand and High Rates Weigh, Says Citi 
Dollar Holds Firm as U.S.-Iran Talks Ease Tensions, GBP/USD Slips Amid UK Political Uncertainty 
Canada Imposes 10% Tariff on Canned Vegetable Imports to Protect Domestic Industry 
South Korea Stocks Tumble as AI-Fueled Rally Faces Profit-Taking Pressure 
China’s AI Manufacturing Boom Masks Weak Consumer Economy, Citi Says 
Wall Street Ends Mixed as Alphabet Slumps, Middle East Developments and Fed Outlook Weigh on Markets 
US Stock Futures Slip After Wall Street Rally Fueled by US-Iran Deal and Chipmaker Surge 
Asian Stocks Surge as Oil Prices Fall and Strong US Dollar Weighs on Markets 
Russia Stocks End Flat as MOEX Index Hits New 52-Week Low; Gold Falls and Oil Mixed 
Russian Stocks End Flat as MOEX Index Hits New 52-Week Low 
U.S.-Iran Diplomacy Helps Drive Gasoline Prices Down 15% From May Highs 
Japan Manufacturing Growth Accelerates in June as Orders Surge Despite Iran War Cost Pressures 
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.
