Trump's Tariffs Spark Global Market Concerns

US President Donald Trump's new tariffs took effect on Friday, imposing 10-12.5% duties on goods from 60 trading partners and covering about 99.4% of US imports after a temporary global levy expired.

The White House justified the move by citing forced labor concerns, but critics argue that the tariffs serve a broader trade strategy.

The new duties range from 10% to 12.5%, affecting some of the United States' largest trading partners. This could raise import costs and fuel inflation, potentially influencing Fed policy and shaping sentiment across stock and crypto markets.