Europe Asia News

The new 10% global tariff by US President Donald Trump went into effect on Tuesday. The Trump administration plans to raise this tariff to 15% after the US Supreme Court invalidated most of these tariffs.

Trump also warned on Monday that higher tariffs could be applied to countries “playing games” with the recent trade agreements. Meanwhile, investors are following the continuation of the US-Iran nuclear talks scheduled for Thursday.

Iran pledged on Tuesday to do “whatever it takes” to reach an agreement with Washington. However, the increase in gold prices was limited by the weakening expectation that the Federal Reserve (Fed) would cut interest rates in the short term.

Two Fed officials said on Tuesday that, due to improvements in the labor market and stubborn inflation, they did not see the need for urgent changes in monetary policy.