Markets Brace for Trump's Tariff Announcement as Tech Stocks Lead Nasdaq Gains
President Trump is set to announce sweeping tariffs, including a 25% levy on imported cars, while global markets react with caution and investors turn to safe-haven assets.
- President Trump is expected to announce 'Liberation Day' tariffs later today, including a significant 25% import tax on foreign cars, raising concerns about global trade tensions.
- The Nasdaq Composite rose 0.87% to 17,449.89, driven by strong performance from tech giants like Tesla, Amazon, and Nvidia, despite broader market volatility.
- Gold prices reached record highs as investors sought safe-haven assets, reflecting uncertainty surrounding the economic fallout of the proposed tariffs.
- Johnson & Johnson shares fell 7.59% after a U.S. court rejected a subsidiary's bankruptcy plan, while Tesla stock climbed 3.59% despite weaker-than-expected delivery figures.
- European markets and the U.S. dollar weakened ahead of the tariff announcement, with analysts warning of potential stagflation and escalating trade tensions with key partners.
The Independent 
The Times 
CNBC 
Investopedia 
Hindustan Times 
Free Press Journal 
Wall Street Pit 
Benzinga 
The Sydney Morning Herald 
