The financial market is shifting as a result of a few major changes in the geopolitical environment and economic uncertainties. The US President has instructed the Commerce Department and its trade negotiators to develop a strategy for reciprocal trade with all nations that have levied tariffs on US imports. This has caused a temporary delay in the resolution of the tariff issue.

It is highly likely that the US will impose the same rate of taxes on international items as other countries do on the US goods. China has been the only country to respond to the US tariff decision by hitting specific US imports.

Although investors’ attention has switched from the current conflict to possible peace negotiations between Russia and Ukraine, this could eventually impact Europeans as well. Some new developments resulting from the Donald Trump-Vladimir Putin talks have caused some comfort for the European currency, which has recovered, in contrast to the USD as a safe haven currency. The prices of gold, oil, and other assets have decreased.

Meanwhile, Jerome H. Powell’s testimony before the Congress essentially emphasised that the US economy is doing........

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