Web Trader MT5 
President Donald Trump announced Monday that imports from 14 countries will face steep tariffs starting Aug. 1. Japan, South Korea, Malaysia, Kazakhstan and Tunisia face 25% tariffs. South Africa and Bosnia will pay 30%, Indonesia 32%, Bangladesh and Serbia 35%, Cambodia and Thailand 36%, and Laos and Myanmar 40%.
Trump signed an executive order Monday afternoon delaying the tariff deadline until Aug. 1, citing additional information and recommendations from various senior officials.
U.S. markets closed down Monday. The Dow Jones fell 0.9% to 44,406, the S&P 500 dropped 0.8% to 6,223, and the Nasdaq declined 0.9% to 20,412.
Despite claims of securing 90 deals in 90 days, the U.S. has only announced frameworks with the UK and Vietnam, plus a preliminary China agreement. The Vietnam deal sets a 20% tariff on imports and 40% on transshipped goods, with tariff-free U.S. access to Vietnamese markets. U.S. President Donald Trump has threatened a 10% additional tariff on countries aligning with “BRICS.”
Australia’s central bank maintained its 3.85% policy rate despite economists expecting a 25 basis point cut to 3.6%. The RBA cited in its statement that it needed more data to confirm inflation’s path toward 2.5%, noting recent CPI indicators were slightly stronger than expected. May inflation was 2.1%, the lowest since October 2024, while Q1 inflation held at 2.4%.
In the Forex market, the USD strengthens as expectations of a rate cut in September rather than in July according to the CME Fed Watch tool. EURUSD dropped 0.57% yesterday to 1.1708. GBPUSD lost 0.34% to the psychological level 1.3600
Oil prices went up despite OPEC+ recent decision of hiking production by more than expected in the month of August. Brent spiked 2.26% on Monday reaching a high of $69.50. While West Texas Intermediate (WTI) gained 3.1% breaking above $67.30 level
Precious metals had a mixed session yesterday following Trump’s tariff announcements. Gold closed at $3,336 just below the opening price after falling 1.3% during the session. Silver fell more than 1% to $36.70 as it nears the year high of 2025.
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