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U.S. trading partners, including China, Japan, and Australia, have strongly criticized President Trump's latest round of tariffs, calling them 'completely unjustified.' The new import taxes, which range from 10% to 12.5% for 60 countries, took effect just after midnight on Friday and cover 99.4% of goods entering the United States. The backlash from key allies and major economies signals escalating trade tensions that could weigh on global market sentiment. For intraday speculative traders, the heightened uncertainty may drive risk aversion, potentially increasing volatility in currency pairs like USD/JPY and AUD/USD, as well as equity indices sensitive to trade flows. Liquidity conditions could tighten as traders reassess exposure to tariff-affected sectors, with commodities and emerging market assets also facing headwinds.
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