Live after the introduction of Trump’s tariffs

Everybody expected the introduction of Donald Trump’s tariffs. Nobody could predict the time and the exact percentages prepared by the current administration. They’ve impacted almost every major asset, even including the safe-haven ones.

The fall of major indices

Donald Trump’s tariffs hit almost every economy worldwide, excluding Russia, Belarus, and North Korea. The American administration put tariffs on the European Union, Australia, LATAM countries, Far Eastern titans, and even inhabitant islands on the Indian Ocean.

It has created complete chaos in the markets. S&P500 , NASDAQ , and Dow Jones – all major American indices have recorded massive plunges. Obviously, VIX thrives each time markets experience uncertainty, as can be seen at the beginning of August.

Shares of the 500 largest US companies are falling by more than 20% and are currently at the support of fibo 0.5 (4876). If the decline does not stop here, the next support is the level of 4569. In the case of an upward correction – 5184.

BUY/SELL S&P500

Moreover, the European, Asian, and Australian indices have also had to deal with significant losses since the Wednesday announcements. Trump’s tariffs impacted DE40, JP225, HK50, and other international indexes.

The biggest losers of Trump’s tariffs

The American stock market has been going down for the last couple of months. Trump’s tariffs have only pushed equities further to the bottom.

There are some “obvious” losers. The most popular technology stocks, being in the worldwide conversation every day, recorded major price decreases. Tesla stock price , despite the recent White House marketing campaign, fell below the $240 level, which is lower than on Election Day in early November. Traders can see substantial red candles on Microsoft, Apple, and NVIDIA. Take a shot, and you will probably guess.

However, the biggest loser may be a bit surprising. Donald Trump has implemented the highest tariffs on Vietnam – almost 50%. After just a couple hours, Nike stock price recorded one of the biggest downfalls in the company’s history. The sportswear titan’s production mostly happens in Vietnam and other Southeastern Asian countries, which means that Nike’s costs will surely skyrocket.

President Trump announced a 46% tariff on goods from Vietnam, a 32% tariff on Indonesia, and a 34% tariff on China. These countries are critical to Nike’s supply chain, with Vietnam alone producing approximately 50% of its footwear and 28% of its apparel. Since testing the MA50, the company’s shares have fallen by as much as 30%.

BUY/SELL NIKE

Safe-haven assets going down

What’s even more concerning for traders is the situation of gold. XAUUSD tends to react reversely to stocks or the crypto market. In case of downfalls in equities value, traders usually turn to gold, which is treated as one of the most reliable assets.

Currently, one of the instruments that holds value the best is gold. Despite a sudden fall in the second half of last week, XAUUSD is currently testing the MA50 on the daily interval, hovering around $3,000 per ounce.

BUY/SELL GOLD

Well, not this time. The situation after Trump’s tariffs were implemented was so worrying that traders and investors started to sell gold to preserve their money. For the first time in two weeks, XAUUSD price plummeted below $3,000 on Friday, making it the biggest downfall since early November in a three-day period.

However, analysts point out that these rapid losses may not be as painful in the long term. Several aspects, including historical trends, non-farm payroll data, and stable interest rates, suggest that gold may still rise in the long term.

As usual in 2025, we strongly recommend staying alert and conducting thorough research before making any investment decisions.