More tariff pauses, but Nasdaq enters correction

The president of the United States, Donald Trump, extended his rate of rate to the goods that came from Canada and Mexico, provided that they satisfy the terms of the United States-Canadá agreement, a commercial agreement between all countries.

Unlike Trump’s postponement from Trump’s Wednesday to car manufacturers, which increased shares, investors were not relieved this time. All the main reference points of the USA.

That could be because the Trump administration seems to be doubling tariffs, even as it recognizes, and dismisses, the repercussions of such taxes.

Trump brushed the idea that the markets is observing, causing consternation in the investors that deposited in the “Trump put”, the idea that the current president would avoid a strong fall in the shares. Meanwhile, the United States Treasury Secretary Scott Besent, rejected the idea of ​​”cheap goods” as an integral essence of the “American dream.”

Rate pause in some goods
Goods imported to the United States from Canada and Mexico, and which are Complies with the North America Commercial Agreement known as USMCA25% of the president of the United States, Donald Trump, in both countries, said a White House official to journalists on Thursday will be temporarily excluded from the tariffs of the United States. This covers about 38% of Canadian imports and 50% of Mexicans, according to another official. The respite will last until April 2.

The growth of exports in China slows down
China exports in the period from January to February increased 2.3% In terms of US dollars of the previous year, which significantly underlines the expectations of a 5% increase in a Reuters survey. It is also much lower than the growth of 10.7% in December. Separately, China’s Foreign Minister Wang Yi said that the United States should not impose “arbitrary tariffs” or return good will with hostility, and emphasized that both countries would be part of the world for a long time, requiring “peaceful coexistence“

We create a strategic Bitcoins reserve
Trump signed an executive order on Thursday creating a Bitcoins Strategic Reserve. Crypto Crypto and Ai Czar David Sacks wrote in a publication about X that the reservation will be funded exclusively with Bitcoin seized in cases of criminal and civil confiscation. In addition, the order establishes a reserve of digital assets of the United States, administered by the Department of Treasury, to celebrate other confiscated cryptocurrencies. Bitcoin prices fell up to $ 84,688.13 in the news, since investors were disappointed by the We have no plans to buy the currency.

‘Not even looking at the market’: Trump
When asked on Thursday if the decision to stop tariffs on many products from Canada and Mexico for a month was due to the stock market, Trump said if it were “what was”Not even looking at the market“He added that in the long term” the United States will be very strong with what is happening here. “Trump also blamed” globalist countries and companies that will not work well “for recent losses in shares.

The United States Secretary of the United States dismisses ‘cheap goods’
The United States Treasury Secretary Scott Besent said Thursday during a speech against the New York Economic Club that “Access to cheap products It is not the essence of the American sleep. “

More layoffs than during the time of pandemic
American employers announced 172,017 layoffs For February, 245% more than the previous month and the highest monthly count since July 2020 during the Covid Pandemia, the Challenger compilation firm, Gray & Christmas reported Thursday. More than a third of the total came from the efforts of billionaire Elon Musk, with Trump’s blessing, to reduce federal staff. Challenger put the total federal employment cuts announced at 62,242.

The markets get tariff
US actions fell on Thursday In Flip-Flop Fatigue Rate. He S&P 500 1.78% fell and Dow Jones industrial lost 0.99%. He Nasdaq compound It descended 2.61% to enter the correction territory, which means that 10% of a recent maximum has fallen. The heavy technology index has also deleted all his earnings after the election. On Friday, Asia-Pacific markets traced Wall Street Lower. Nikkei 225 of Japan fell 2.25% as the yields of the long -term Japan government bonds increased to its highest level since 2008.

Reduction rates of the European Central Bank
The European Central Bank on Thursday reduce interest rates at 25 basic points And the language updated in his decision to say that monetary policy was becoming “significantly less restrictive.” The cut carries the rate of the ECB deposit installation, its key rate, to 2.5%, a movement in which the markets had a price before the ad. The president of the ECB, Christine Lagarde, said that no member of the Governing Council opposed the cut, but a governor of the Central Bank abstained.

(Pro) semi ETF form feared pattern
The first part of 2025 has not been kind to semiconductor stocks. An ETF that tracks a basket of semiconductor companies has dropped two digits in the last month, in contrast to its 38.5% jump in 2024. The last movement of the ETF semiconductor has formed a dreaded graphic pattern – The first time is done in more than two years, which could indicate more problems ahead.

Global bonds are sold as investors react to Trump’s rates and a German “paradigm shift”

The costs of government loans increased throughout the world on Thursday. The yields of the German government bonds shot on Wednesday, and the performance of the 10 -year debt instruments added around 30 basic points. The 10 -year BUND yield, seen as a reference point for the broader euro zone, increased at the beginning of Thursday’s negotiation session before laying the lowest trend.

Deutsche Bank’s research strategist, Jim Reid, said in a note to customers on Thursday morning that Germany’s change of political team had helped feed a greater appetite for the most risky assets in Europe. “There is no doubt that markets have pricing in a change of unique policy regime in a generation, which has caused a great risk movement for European assets,” he said.