In global markets, following the selling pressure that emerged after the tit-for-tat tariff escalations, a mixed trend is emerging due to the influence of negotiation optimism. The tariff actions of U.S. President Donald Trump continue to be a factor of uncertainty on a global scale. Many countries planning to send delegations to the U.S. for tariff negotiations announced the news yesterday, which helped reduce the risk perception in the equity markets. Trump, in response to whether tariffs are a negotiation strategy or permanent, stated, “Tariffs could be permanent, but negotiations are also possible, as we need things beyond tariffs.” President Trump also reiterated that if China does not withdraw the retaliatory 34% customs duties it announced, the U.S. will impose an additional 50% tariff on the country. Analysts noted that investors are focused on Trump’s moderate approach to tariffs, stating that with future negotiations, reciprocity-based tariff rates could be adjusted. Will the U.S. Start Lowering Interest Rates? Yesterday, amid increased risk perception and tariffs, concerns arose that growth rates could be jeopardized, leading to changes in pricing of Fed’s interest rate reduction process in the currency markets. Currently, in line with past projections in the currency markets, it is estimated that the Fed will begin the first interest rate cut of the year in June. Following these developments, recoveries were observed in bond yields, with the U.S. 10-year bond yield currently at 4.15% and the dollar index at 102.9 with a 0.5% decrease. The price of gold per ounce closed yesterday at $2,982 with a 1.8% decline and is trading at $3,000 with a 0.5% gain in the new day. The barrel price of Brent crude oil is also at $64.9 with a 0.9% increase.