The administration announced new global tariffs on 60 trade partners to address forced-labor violations and replace temporary levies.

The administration announced a new set of global tariffs targeting 60 trade partners to address alleged forced-labor violations. These duties, ranging from 10% to 12.5%, will replace the temporary global tariffs previously established by President Trump. The new measures cover over 99% of U.S. trade and are expected to impact nearly all imports, with costs typically passed on to consumers. These trade moves come as markets navigate a period of volatility. While the S&P 500 saw a slight gain of 0.1%, the Dow Jones Industrial Average rose 0.3%, and the Nasdaq fell 0.5%. Investors are currently balancing the impact of these tariffs against rising oil prices and heavy spending on artificial intelligence. Brent crude recently surpassed $100 per barrel, driven by escalating tensions in the Middle East and the Iran-U.S. war. Additionally, the bond market is reacting to higher inflation expectations, with the 10-year Treasury yield easing slightly to 4.67%. These factors combined are pressuring corporate profits and influencing the Federal Reserve's upcoming interest rate decisions.

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