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12.03.2025: Trump foresees no recession, but USD badly bruised. Outlook for USD, EUR/USD, Brent, RUB
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Fears of a global economic downturn are intensifying as the tariff storm triggered by Donald Trump continues to rattle financial markets. Today, the 25% tariffs on US steel and aluminum imports officially took effect. For Canada, these levies could be increased to 50%, further escalating trade tensions. Meanwhile, due to the unpredictable policies of the US president, the American stock market has lost approximately 4 trillion dollars in value, adding to the growing economic uncertainty.
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