U.S. imposes 50% import tariffs on aluminum and steel, VND/USD rate exceeds 25,000, oil hits 2-week high, Middle East tensions rise.
1. U.S. imposes 50% tariffs on aluminum and steel imports
The U.S. officially enacted a 50% tariff on imported aluminum and steel, primarily targeting China and Mexico.
Leads to:
Disruptions in global heavy industry supply chains.
Renewed fears of escalating trade wars.
Higher production costs for U.S. manufacturers.
2. Hungary vows to block Ukraine’s EU accession
Hungarian Prime Minister Viktor Orbán pledged to use every legal and political means to stop Ukraine from joining the European Union.
Leads to:
Internal friction within the EU bloc.
Potential delays in EU expansion plans.
Exposes deeper divides over the Russia–Ukraine conflict.
3. U.S. maintains “maximum pressure” on Iran
The U.S. State Department confirmed its continued maximum pressure policy on Iran, particularly concerning its nuclear program and regional proxy support.
Leads to:
Rising tensions in the Middle East.
Increased oil market volatility.
Elevated investor demand for safe-haven assets.
4. Israel conducts airstrikes in southern Syria
Israel launched significant airstrikes targeting military sites in southern Syria, reportedly linked to Iranian-backed forces.
Leads to:
Escalating regional instability.
Further geopolitical risk premiums in global markets.
Supports upward pressure on oil prices.
5. U.S. congratulates South Korea’s new President Lee Jaemyung
Following the election of Lee Jaemyung as South Korea’s new president, the U.S. immediately issued a formal congratulatory message.
Leads to:
Signals stability in U.S.–South Korea relations.
Asian markets open on a positive note.
Supports continued regional cooperation.
6. Vietnam ends presumptive taxation for household businesses
Vietnam’s Ministry of Finance announced the official removal of presumptive tax policies for household businesses, ushering in a new era of tax reform.
Leads to:
Promotes transparency and modernization in the tax system.
Encourages informal businesses to register legally.
Expands the nation’s tax base.
7. Central exchange rate exceeds 25,000 VND/USD
Vietnam’s central bank set the reference rate at 25,015 VND/USD, the highest since the beginning of the year.
Leads to:
Pressure on import-heavy businesses.
Exporters may benefit from the weaker VND.
Forex traders should expect high volatility.
8. Global oil prices reach 2-week highs
Brent crude climbed to $83.62/barrel, marking its highest level in two weeks.
Leads to:
Fueled by Middle East tensions and supply concerns.
Positive sentiment on global energy demand recovery.
Energy stocks see strong gains.
Quick Overview – Suggested Trading Strategies
| Asset | Trend | Suggested Strategy |
|---|---|---|
| Gold | Slight movement | Hold – Wait for clearer Fed signals |
| Oil (Brent) | Strong rebound | Favor oil & energy sector investments |
| USD/VND | Above 25,000 | Hedge imports – Watch forex closely |
| Equities | Mixed sentiment | Defensive stocks recommended |
Takeaway for Investors:
Monitor U.S.–China trade tensions, Iran sanctions, and forex dynamics.
Emphasize defensive strategies in times of geopolitical volatility.
Short-term opportunities lie in oil-related assets and logistics stocks.
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