March 31, 2025 - 11:17
US equity futures fell sharply during early trading in Asia as anticipation builds for the announcement of new trade tariffs by former President Donald Trump later this week. Investors are bracing for the potential impact of these tariffs on various sectors of the economy, leading to increased volatility in the markets.
In addition to the tariff concerns, crude oil prices saw a slight uptick after Trump hinted at possible "secondary" levies on Russian oil. This development has raised eyebrows among market analysts, who are closely monitoring how these geopolitical tensions could influence global oil supply and pricing.
As traders digest the implications of these impending tariffs and the potential repercussions on international trade, market sentiment remains cautious. The uncertainty surrounding trade relations is likely to keep investors on edge, prompting a careful assessment of their portfolios in the days leading up to the announcement. The situation remains fluid, and market participants are advised to stay alert to further developments.
