U.S. President Donald Trump was behind him at a joint meeting of Congress at the U.S. Capitol on March 4, 2025, with U.S. House Speaker Mike Johnson and Vice President JD Vance.
Win McNamee | By Reuters
U.S. President Donald Trump’s 25% tariff on Canada and Mexico and another 10% tariff on China has officially come in place, proving that he is not waving them as many people think of them just as a negotiating strategy to waving them and hope he hopes. Canada and China have since announced retaliatory tariffs, while Mexico says its reaction will appear on Sunday.
The United States may undermine geopolitical trade and international relations, but it may be the biggest harm to domestic consumers and the economy. Business leaders in transportation and retail, both industries that are victims of the economy, expressed concern that tariffs could raise prices even within a few days.
In the market, investors are also scared. All major benchmarks in the United States are down. The wave of victory that the S&P 500 won on Election Day has now disappeared. Tech stocks have been beaten since Trump took office in January. Taxes on imported goods from other countries are also starting to look like stocks.
What you need to know today
Tariff compromise?
US President Donald Trump’s 25% tariff on goods Imports from Canada and Mexico, as well as 10% tax on imports in China, kicked at midnight on Tuesday. U.S. Commerce Secretary Howard Lutnick said Tuesday that Trump will “possible” announcement Tariff compromise deals with Canada and Mexico Wednesday. Trump said in a speech before Congress on Tuesday that his tariffs would causeA little distractingbut we can accept it. ”
China aims to achieve “about 5%” economic growth
China targets GDP growth target for 2025 is “about 5%”according to Official report from Beijing. The second largest economy in the world Raise its budget deficit target to “about 4%” of GDP According to data accessed by wind direction information, starting from 3% last year, it was the highest fiscal deficit on record. The move, in addition to other stimulus announced on Wednesday, marks a meaningful shift in Beijing’s policy as it tries to address the slow economy.
Companies say the likelihood of price increases is high
Business leaders say Trump’s tariffs could raise prices within days. “The short-term impact of any tariff is obviously inflation” North American transport giant Musk president Charles van der Steene said target CEO Brian Cornell told CNBC on Tuesday. Prices rise in the next few days. ” This is Cause fear of “stagnation” In the U.S. economy, prices rise but growth slows.
US markets are sluggish in tariff concerns
Investors sold U.S. stocks on TuesdaySurprised at the impact of tariffs on the economy. this S&P 500 Lossed 1.22% Dow Jones Industrial Average 1.55% down, Nasdaq Composite Materials Retreat to 0.35%. China’s CSI 300 climbed 0.42% as investors assessed news about the country’s parliamentary gatherings. Australia S&P/ASX 200But even the country’s GDP grew 1.3% year-on-year in the fourth quarterexceed expectations.
“Trump bump” election eliminated
The “Trump bump” in the market disappeared. After tumbled on Tuesday, the S&P 500 closed at 5,778.15, down from the 5,782.76 level on November 5 Election Day. This means the index loses its post-election gains. this Russell 2000 The Little Hats index fell by about 8% on November 6. at the same time, Technology stocks fell more than 7% Since Trump took office in January.
(Pro) Seeking Europe for Fairness: Analysts
Europe is a place for stock investors compared to Europe’s more stable geopolitical environment. European markets and economies also offer Several other advantages In the United States
at last…
K-Pop music albums and related merchandise are on display at a retail store in Seoul.
Anthony Wallace | AFP | Getty Images
K-Pop stocks defy South Korea’s political and economic hardships – and Trump’s tariff threat
South Korea’s economy has been slowing down and its growth is low. Its currency is under pressure and the country is in political turmoil. The tariff threat from U.S. President Donald Trump has not made things easier. But this year there is a division that offers investors hope: K-Pop, one of South Korea’s largest cultural exports.
So far this year, the four major K-POP companies have underperformed kospi’s As of March 4, Kosdaq was growing at 5.39% and Kosdaq was growing at 8.8%. Hybe, JYP and YG also hit new 52-week highs this year. Shinhan Securities analyst Ji In-Hae wrote last month that one of the reasons investors turned to K-Pop stocks is because the industry is not facing the risk of U.S. tariffs.
