Markets React to US Tariffs

US Secretary of State Marco Rubio addressed the global market selloff triggered by new US tariffs, stating, "markets will adjust". During a press briefing in Brussels, Rubio downplayed the market's reaction as a temporary response to significant changes in global trade dynamics.

Advocating for Domestic Manufacturing

Rubio emphasized the importance of reducing reliance on foreign manufacturing, supporting President Trump's trade policies. "We need to get back to a time where we’re a country that can make things," he remarked, highlighting a shift towards self-sufficiency.

Global Market Turbulence

The announcement led to a day of volatility across various sectors, including currencies, cryptocurrencies, major corporations, oil, precious metals, and key commodities. This widespread selloff underscores the growing investor uncertainty amidst escalating trade tensions.