Trump Plans Tariffs on Canada, Mexico Amid Investor Uncertainty

Investors are on edge following President Trump's comments regarding upcoming tariffs on Canada and Mexico, which may impact market dynamics. In Europe, Bundesbank President Joachim Nagel indicated that the European Central Bank (ECB) could continue to cut interest rates as inflation trends toward its target of 2%. He highlighted that while the outlook for inflation is encouraging, there are still concerns about persistently elevated core inflation and the strength of services inflation. Nagel also cautioned against hasty rate cuts, emphasizing the need for a balanced approach given the uncertainty in the economic landscape. Meanwhile, the Bank of Korea has lowered its benchmark rate to support its economy amid weakening growth forecasts. This backdrop of monetary policy adjustments reflects broader efforts to stabilize economies in both Europe and Asia.