US President Trump signs a Presidential Memorandum directing withdrawal of US from participation in 66 international organisations

US President Trump signs a Presidential Memorandum directing withdrawal of US from participation in 66 international organisations.

The signing of a Presidential Memorandum by Trump to withdraw from 66 international organizations signals a notable shift in U.S. global engagement, potentially escalating trade tensions and impacting various markets. This withdrawal could catalyze volatility in equities and currencies, particularly the USD, as investors reassess the implications for international cooperation and economic stability. Depending on how global partners respond, there could be significant spillover effects in sectors reliant on multilateral agreements, such as energy and trade.