Breaking news: Trump imposes tariffs on 41 countries, gold prices increase sharply

Date posted:

Updated date: 08/29/2025
vn WEB 14

Index

1. New US tax order shakes the market

According to the White House announcement, the countries affected include India, Brazil, South Africa, France, Indonesia, Vietnam and many other emerging economies. The sectors most heavily taxed are automobiles, pharmaceuticals, semiconductors, textiles and steel – industries that have a large proportion of exports to the US.

The US government said this was a response to “protect core industrial interests” and deal with “unfair subsidies” from other countries.

Trump signs new tax order 15–41% with 41 countries, causing market volatility

2. Gold price surges, investors seek shelter

Immediately after the new tariff information, the world gold price increased by more than 1.2%, reaching a one-week high, surpassing the mark of 2,320 USD/oz. Investors turned to gold as a safe-haven asset, amid concerns about trade instability and escalating geopolitical tensions in the Middle East.

3. Oil falls on threat of US energy tariffs

Brent crude oil prices fell more than 1% in the morning session this morning, when information appeared that the White House may impose additional tariffs on crude oil imported from "unfriendly" countries. Oil trading fell into a cautious state, with volume lower than the average of the last 20 sessions.

4. USD remains stable, yuan weakens slightly

The US dollar was little changed after the Fed’s policy meeting, as the agency maintained its current interest rate. Meanwhile, the Chinese yuan weakened slightly due to concerns about double tariffs from the US, adding pressure on the local currency.

5. The Middle East heats up again: Israel airstrikes Hezbollah

Geopolitical tensions continued to escalate as Israel confirmed it had carried out an airstrike on a major Hezbollah missile production facility in Lebanon. This move raised the risk of regional conflict escalating, directly affecting capital flows and risk asset markets.


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