Global Markets React to US Tariff Announcement Amid Economic Uncertainty

President Donald Trump's August 1 decree imposing tariffs on 70 countries sent shockwaves through global financial markets. The measures, set to take effect August 7 with rates ranging from 10% to 41%, triggered immediate sell-offs across major exchanges in Paris, Frankfurt, and Seoul.

Market volatility intensified against an already fragile economic backdrop. Rising US unemployment figures compounded investor anxiety, amplifying the tariff announcement's impact. The protectionist MOVE threatens to reshape international trade flows and accelerate deglobalization trends.

Cryptocurrency markets showed muted initial reaction, with Bitcoin and ethereum maintaining relative stability. Traders appear to be monitoring traditional market fallout before positioning digital asset portfolios.