Chair of European Parliament's trade committee says Trump's behaviour is unacceptable and are currently drafting the legislation

The Chair of the European Parliament's trade committee condemning Trump's behavior indicates escalating tensions around trade relations, positioning the U.S. as an unreliable partner. This sentiment may weigh on the USD, especially in forex markets, while heightening risk aversion that could benefit safe-haven assets like gold. Continued negative rhetoric could signal broader geopolitical implications and volatility in related markets.