Global Markets React to U.S. Economic Policy Turbulence

News Snapshot:

Global financial markets are experiencing a downturn as Wall Street share futures and the dollar decline while Treasury yields climb. This unease is further aggravated by Moody's recent downgrade of the U.S. credit rating, underscoring apprehensions over America's mounting $36 trillion debt and prospective policy shifts. U.S. Treasury Secretary Scott Bessent dismissed the downgrade but warned trade partners of maximum tariffs if they don't negotiate fair deals. As he heads to a G7 meeting, U.S. Vice President JD Vance has engaged with European Commission President Ursula von der Leyen to deliberate on additional trade issues. The tariff standoff is affecting...