Last week was relatively uneventful, with no surprises from the Fed, ECB, or Bank of Canada. But just as markets were settling into a steady rhythm, President Trump shook things up on Friday evening with new tariffs—25% on imports from Canada and Mexico and 10% on Chinese goods.
These announcements sent shockwaves through financial markets, as businesses brace for higher costs, supply chain disruptions, and potential retaliation from key trading partners. The U.S. dollar strengthened, as investors rushed to safe-haven assets, betting that the Federal Reserve may keep interest rates higher for longer to counter inflationary pressures.
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