
๐ Trump signs executive order on tariffs
๐บ๐ธ A blanket 10% tariff on all U.S. imports kicks in from 5 April (Canada & Mexico excluded via USMCA).
๐ซ Retaliatory tariffs effective 9 April:
๐ช๐บ EU: 20%
๐ฏ๐ต Japan: 24%
๐ฌ๐ง UK: 10%
๐จ๐ณ China: extra 34% โ Total: 54%
๐ Auto tariffs? Already in effect fromย today.
๐ Wall Street: Green closes, red futures
๐ข Yesterday:
S&P 500: +0.87%
DJIA: +0.56%
Nasdaq: +0.87%
Russell 2000: +1.65%
๐ด After-hours plunge post โLiberation Dayโ speech:
S&P 500: -2.7%
DJIA: -2%
Nasdaq: -3.2%
Russell 2000:ย -4%
โ ๏ธ Magnificent 7 meltdown
๐ Tesla -8% | Apple -7% | Amazon -6%
๐ Nvidia -5.7% | Meta -4.7% | Alphabet -3.5% | Microsoft -2.9%
๐ช๐บ Von der Leyen responds:
Slams U.S. tariffs, calls for โ๐๏ธnegotiation not confrontation.โ
๐จ EU preparing countermeasures on steel & aluminium.
๐ฌ Fedโs Kugler: No rush to cut rates amid inflation worries.
๐ UBS warns: Tariffs could push ๐บ๐ธ inflation toย 5%.
๐ Asia-Pacific deep in red
๐ฏ๐ต Nikkei 225: -3.3%
๐ญ๐ฐ HSCEI: -1.7%
๐จ๐ณ Shanghai: -0.5%
๐ฐ๐ท Kospi: -1.15%
๐ฆ๐บ ASX 200:ย -0.95%
๐ China Services PMI surprises:
๐งพ 51.9 (forecast 51.5) โ Best new business growth since Dec, plus lower costs & hiringย surge.
๐ Australia Services PMI rises:
From 51.3 โ 51.6
Growth driven by lower price pressures & highest employment jump since Aprilย 2023.
๐ฑ FX Market:
๐ฅ After Trumpโs speech, the dollar weakens across the board (USDIDX: -0.75%).
๐ USDJPY: -1.4%
๐ CHFUSD: +1.1%
๐ถ EURUSD: +0.85% โ Above 1.09
๐โโ๏ธCapital flows to safeย havens.
๐ฐ Commodities bleeding:
๐ฅ Gold: -0.19% ($3,129/oz)
๐ฅ Silver: -2.13% ($33.15/oz)
๐ข๏ธ Brent & WTI: -2.5%
๐ฅ NATGAS:ย -1.7%
๐ช Crypto in retreat:
โฟ bitcoin: -2.6% ($83,440)
ฮ ethereum: -2.6% ($1,831.50)
๐ Trump token: -7.5%
๐ Solana: -4.5%
๐ Chainlink: -2.9%
๐ Morning Update | 03.04.2025 was originally published in Coinmonks on Medium, where people are continuing the conversation by highlighting and responding to this story.