Tariffs, Oil, and Alphabet’s Record Profits: This Week’s Economic Revolution

U.S. Imposes Tariffs on 60 Trade Partners, Tightening Global Trade

The U.S. Trade Representative announced tariffs ranging from 10% to 12.5% on 60 countries, citing forced‑labour concerns and reshaping the global trade balance.

■60 countries targeted, highest rates at 12.5%

■Action under the 1974 Trade Act, Section 301 investigations

■New regulations keep imports from being banned, adding uncertainty to trade flows

Red Sea Tensions Keep Oil Prices Above $100

Brent crude remains above the $100 threshold as regional conflicts heighten supply concerns.

■Prices stay above $100, volatility rises

■Two tankers targeted in the Red Sea

■Supply worries lift risk premiums in energy markets

Central Bank Holds Policy Rate at 37%

The Central Bank of the Republic of Turkey (TCMB) keeps its policy rate at 37%, signaling continued focus on inflation control.

■Overnight lending rate 40%, borrowing rate 35.5%

■Primary refinancing rate 2.40%, marginal lending rate 2.65%

■Transparency on inflation target and monetary policy

Alphabet’s Fourth‑Quarter Earnings Set a New Record

Alphabet’s Q2 net profit jumped 298% to $112.1 billion.

■Revenue rose 24% to $119.8 billion

■Competitive ad revenue and cloud services growth

■Stock performance outpaces market expectations

U.S. Middle‑East Operations Target Military Sites

CENTCOM announced attacks on Iranian military targets, heightening regional risk.

■Operation threatens regional stability

■Potential negative impact on investor confidence

■Geopolitical risks reverberating through financial markets

Markets are re‑evaluating both geopolitical and macro‑economic uncertainties in light of these developments. The expansion of tariffs could constrict global trade flows, while high oil prices increase energy costs. Alphabet’s profit surge signals continued growth potential in tech, yet escalating geopolitical tensions keep risk premiums elevated.