Overview

• President Trump has finalized a plan for reciprocal tariffs, with options including a 20% tariff on all imports or matching tariffs on exports, set to be announced tomorrow.
• The European Union has signaled its readiness to impose retaliatory tariffs if negotiations with the U.S. fail to resolve trade disputes.
• U.S. stock futures are down, with the Dow, S&P 500, and Nasdaq pointing lower, following a month of significant market declines driven by tariff concerns and economic uncertainty.
• OpenAI has secured a $40 billion funding round led by SoftBank, valuing the AI company at $300 billion, highlighting the sector's growing prominence.
• Gold and Bitcoin have reached record highs as investors shift toward safe-haven assets in response to escalating economic and geopolitical risks.