S&P 500 — US Large Cap Index
FTSE 100 — UK Blue Chips
Euro Stoxx 50 — Eurozone Leaders
DAX 40 — German Equities
CAC 40 — French Market Index
Nikkei 225 — Japan Benchmark
Hang Seng — Hong Kong Index
Shanghai Composite — China Mainland
ASX 200 — Australian Market
TSX Composite — Canada Index
Nifty 50 — India Large Cap
STI Index — Singapore Market
KOSPI — South Korea Index
Bovespa — Brazil Equities
JSE Top 40 — South Africa Index
IPC Index — Mexico Market
The Trump administration announced new tariffs of 10% to 12-1/2% on imports from about 60 U.S. trading partners, replacing the temporary 10% tariffs that expire Friday. The new duties will apply to nearly all U.S. imports, with the administration arguing that the targeted countries have failed to adequately prohibit or enforce restrictions on goods produced with forced labor. Economies with partial bans on forced labor or commitments to strengthen them, including the UK, Canada, Mexico, and India, will face 10% tariffs. Meanwhile, countries deemed to have insufficient safeguards, such as China, South Korea, and Japan, will be subject to 12-1/2% duties. Products already covered by sector-specific or national security-related tariffs are exempt. The move reflects the administration’s broader strategy to restore its global tariff agenda after the Supreme Court struck down its earlier tariff framework in February.
