** US Tariffs on European Nations Trigger Risk-Off Sentiment** **Executive Summary** Global markets have reacted negatively following US President Donald Trump's proposal to impose new tariffs on eight European nations. The announcement has reignited concerns regarding international trade stability, precipitating a shift away from risk assets and a corresponding surge in demand for safe-haven investments. **Key Market Movements** * **Commodities:** Precious metals have rallied significantly, with both **Gold** and **Silver** prices reaching record highs as investors seek stability. * **Equities:** US equity futures have slumped, reflecting diminished investor confidence and heightened volatility expectations. * **Currency:** The US Dollar has weakened against major counterparts, facing downward pressure amidst the renewed trade policy uncertainty. **Outlook** The reintroduction of tariff-related risks is expected to maintain pressure on equities and support safe-haven assets in the near term as market participants assess the potential economic impact of these policy shifts.