Global Markets Bracing for Impact of Potential Tariff Hike

A high-stakes economic announcement is set to take place at 12 PM ET, with reports indicating that a substantial tariff hike may be on the horizon.

Should this prediction come to fruition, it could mark a significant escalation in trade policy, with widespread implications for global markets.

The proposed increase of 35% on global tariffs could have far-reaching effects, potentially causing supply chains to be disrupted and inflation expectations to spike. This, in turn, may lead to increased volatility in equity, commodity, and cryptocurrency markets.

As market participants await the outcome of this announcement, it's essential for them to be prepared for potential sharp price movements across various asset classes.