Market

Trump's tariffs on Canada, Mexico, and China have sent shockwaves through Wall Street. Experts predict a hit to US growth, inflation, and employment, while the markets react negatively. Read insights from Morgan Stanley, EvercoreISI, JPMorgan, and 22V Research on the potential impact.

Published on: February 03, 2025, 03:01 AM UTC

US stock futures point to sharp losses following President Trump's tariffs on China, Mexico, and Canada. The Nasdaq futures lead the decline with a 2.2% drop, while S&P 500 and Dow futures are down over 1%. The tariffs, set to take effect on Tuesday, will include 25% duties on Canada and Mexico and 10% on China. Retaliatory measures have been announced by all three countries.

Published on: February 03, 2025, 03:01 AM UTC

JPMorgan set to deliver $4 billion in gold against futures contracts in New York amidst soaring prices and potential import tariffs. The delivery follows fears of tariffs and price disparities between Comex and spot prices, creating arbitrage opportunities.

Published on: February 03, 2025, 03:01 AM UTC

Oil surges as Trump imposes tariffs on imports, including crude from Canada and Mexico, threatening higher costs for American consumers.

Published on: February 03, 2025, 03:01 AM UTC

TSMC shares plunge amid global AI selloff, weighing on Taiwan's Taiex index. Concerns about DeepSeek's AI model and tariff tensions impact investor sentiment.

Published on: February 03, 2025, 03:00 AM UTC

Factory activity in Asia weakened in January amid Chinese demand and US tariff concerns, dimming economic prospects.

Published on: February 03, 2025, 03:00 AM UTC

Asian stocks plummet and US equity futures point lower over fears of a global trade war sparked by US tariffs on Canada, Mexico, and China. US dollar surges against yuan, Canadian dollar, and Mexican peso, hitting record highs.

Published on: February 03, 2025, 02:04 AM UTC

Metals led by iron ore and aluminum plunged after Trump imposed tariffs on China, Canada and Mexico, threatening a trade war that could hurt global economic growth.

Published on: February 03, 2025, 02:03 AM UTC

Gold dips as surging dollar outweighs haven demand amid trade war fears

Published on: February 03, 2025, 02:03 AM UTC

The market had a strong start to the year, but stocks fell on Friday due to concerns about President Trump's tariff plans. The tariffs will fully take effect on Tuesday, Feb. 4 and include 25% duties on Canada and Mexico and 10% on China. Investors will be watching for updates on job openings, activity in the services and manufacturing sectors, and quarterly results from companies like Amazon, Alphabet, and Chipotle. In addition, Trump's tariff plans, the January jobs report, and updates on employment will be closely followed.

Published on: February 03, 2025, 02:03 AM UTC