The article discusses the heightened anxiety in financial markets as investors await Donald Trump's announcement regarding country-specific tariffs. Anticipation of new tariffs has led to increased selling in European and Asia-Pacific markets, culminating in gold prices reaching a record high of $3,148.8 per ounce as traders seek safe assets. Trump has claimed he will be 'kind' with his tariff plans, which he believes will address unfair trade practices. However, many investors are concerned that these actions may provoke retaliation and further economic fallout, contributing to fears of recession and prolonged inflation.
Markets are currently facing uncertainty as investors prepare for Donald Trump's upcoming announcement on country-specific tariffs, which has spooked European and Asia-Pacific markets.
Gold prices have surged to a new all-time high of $3,148.8 per ounce, reflecting a flight to safety amid fears of economic repercussions from planned tariffs.
Trump plans to unveil his tariff strategy to combat unfair trade practices, asserting that it is time for historic changes for the benefit of the American populace.
Investors fear the introduction of new tariffs could lead to retaliation from trading partners, exacerbating the risk of recession and high inflation.
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