US President Donald Trump has imposed tariffs on imports from Canada, Mexico, and China, causing a sharp decline in global markets. The dollar surged while stocks and digital currencies plummeted. European and US stock futures fell, and an Asia-Pacific share index dropped by nearly six months’ worst performance. The move is expected to disrupt the oil market and raise US pump prices, with fears it will also fuel price pressures.
Source: https://www.bloomberg.com/news/articles/2025-02-02/dollar-surges-stocks-set-to-fall-on-trump-tariffs-markets-wrap