U.S. Dollar Hits Two-Month High as Oil, Treasury Yields Surge 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Trump, Xi Focus on Trade and AI at White House Summit 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
China Agrees to Buy 20 Million Tons of U.S. Coal 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Fed Unveils Stablecoin Rules Under GENIUS Act 
Mexico-US Trade Talks Delayed to October as Tariff Negotiations Continue 
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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.
