Global markets were shaken by Trump’s new customs tariffs. Escapes from the stock markets accelerated. Technology stocks fell sharply, the dollar lost strength. Gold, however, continued its record streak. US President Donald Trump, on the previous day, disrupt the trade and supply chains announcing customs tariffs exceeding expectations. The decision to impose taxes throughout the world by the US increased investors’ anxiety. The stock markets sharply declined, with investors seeking refuge in bonds, gold, and the yen. TRUMP TO IMPOSE ADDITIONAL TAXES ON ALL COUNTRIES Trump announced that they would start applying at least 10% reciprocal customs tariffs to all countries, including Turkey. The US will apply a 34% customs duty to China, 20% to the EU, and 24% to Japan. In addition, a 25% tax will be imposed on cars produced in foreign countries. The European Union and China stated that they would retaliate against the additional taxes imposed by the US. TECHNOLOGY STOCKS TUMBLED Technology sector stocks plummeted after new customs tariffs exceeding 30% on manufacturing centers in China and Taiwan and an increase in tariffs on products imported from China to 54%. Apple shares dropped 6%, Nvidia by 4%, and Tesla by about 4.5%. Alphabet, Amazon, and Meta’s shares experienced declines ranging from 2.5% to 5%. The market value of leading companies in the technology sector, known as the Fabulous Seven, decreased by a total of 760 billion dollars. The Nasdaq index lost over 3%. Almost every sector, from suppliers to bankers, insurers, and exporters, will be affected by Trump’s customs taxes. INVESTORS AVOIDING RISKS Following Trump’s announcement, investors showed an inclination to avoid risks, increasing demand for safe-haven assets. Sharp declines were observed in stock markets. Nasdaq futures dropped by 3.3%. S&P 500 futures by 2.7%, FTSE futures by 1.6%, and European stock futures also fell by approximately 2%. In Japan, the Nikkei 225 index lost 3%, in South Korea, the Kospi index 0.8%, in China, the Shanghai Composite Index 0.4%, and in Hong Kong, the Hang Seng index dropped by 1.8%. DOLLAR LOST STRENGTH, GOLD SET RECORDS High customs tariffs weakened the dollar, euro gained value. Demand increased for assets considered safe havens like the Japanese yen and Swiss franc. The Dollar Index fell by 0.14% to 103. The dollar traded against the yen at 147.38, a decrease of 1.25%. The rising demand for bonds by investors caused the US’s 10-year treasury bond yield to drop by 13 basis points to 4.07%. A 2% drop in oil prices was recorded. The ounce of gold reached an all-time high of 3,168 dollars. Thus, the increase in the yellow metal exceeded 20% since the beginning of the year.