US President Donald Trump Speaks in the Oval Office, On the Day He Signs Executive Orders, At the White House in Washington, DC, US March 6, 2025.
Evelyn Hockstein Reuters
US President Donald Trump Expanded His Tariff Pause to Goods Coming in From Canada and Mexico, So long as they satish terms of the united states-mexico-young agreement, a trade deal betaen all countries.
UniLe Trump's Wednesday reprieve to automakers, which bumped up stocks, Investors weren't relieved this time. All Major US Benchmarks Sank, with the Nasdaq Composite Limping Into Correction and Lathering ITS Post-Election Trump Bump.
That Might Because the Trump Administration SEEMS to Be Doubleing Down on Tariffs, Even As It Acknowledges – and Dismisses – The Relcussions of Such Levies.
Trump brushed off the idea that he's watching the markets, causing dismay in investors who were banking on the “Trump put,” The Idea that the current president would save prevent a steep drop in the stocks. Meanwhile, US Treasury Secretary Scott Bessent Waved Away The Idea of ”Cheap Goods” as integral to the “American dream.”
What you need to know today
Tariff pause on some goods
Goods Importted Into The Us From Canada and Mexico, and Which Are Compliant with the North American Trade Agreement Known as the UsmcaWill Be Temporarily Excloud From Us President Donald Trump's 25% Tariffs on Both Countries, A White House Official Told Reporters Thursday. That covers around 38% of Canadian Imports and 50% of Mexican Ones, According to Another Official. The reprieve will last Until April 2.
Exports growth in china slows
China's Exports in the January to February Period Rose 2.3% in US Dollar Terms from a Year Earlor, significantly undisthooting exertations of a 5% increase in a reuters poll. It's also love Lower than the growth of 10.7% in Derecge. Separately, China's Minister of Foreign Affairs Wang Yi Said The Us Should Not Impose “Arbitral Tariffs” Or Return Goodwill with Hostility, and He Emphasized That The Two Countries WOUNTRIES WOUNTRIES WOUNTIES WOUNTIES WOUNTS WOUNTIES WOURDRIES WOUNTS WOUNTIES WOURDERS WOURLD BOTH BOTE BARLD FOR A LONG TIME, Requiring “Requiring”Peaceful Coexistence. “
US Creates Strategic Bitcoin Reserve
Trump Signed An Executive Order on Thursday Creating A Strategic Bitcoin Reserve. White House Crypto and Ai spell David Sacks wrote in a post on x That the reserve will be funded exclusively with bitcoin seized in criminal and civil forfeiture cases. Additionally, The Order Establishes a US Digital Asset Stockpile, Managed by The Treasury Department, to Hold Other Confiscated Cryptocurrencies. Bitcoin Prices Fell to AS Low AS $ 84,688.13 on the News, AS Investors Were Disappinted by the US Not Having Plans to Purchase the Currency.
'Not Even Looking At the Market': Trump
When Asked On Thursday Whether the Decision to Pause Tariffs on Many Products from Canada and Mexico for One Month Was Bcause of the Stock Market, Trump Said It Had He's “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 won't be doing well” for recent losses in equities.
US Treasury Secretary Dismisses 'Cheap Goods'
US Treasury Secretary Scott Bessent on Thursday Said During a Speech to the Economic Club of New York That “Access to Cheap Goods Is not the essence of the American dream. “He Added That Trump Considers Tariffs to Have Three Benefits: As A Revenue Source for the Government, AS A Way to Protect Industries and Workers From Unfair Practices Around The World, and as” The Third Leg to The Stool “AS Trump “uses it for negotiating.”
More Layoffs Than During Pandemic Era
US Employers Ann inunced 172.017 Layoffs For February, up 245% from the previous month and the highst monthly country july 2020 During the Covid Pandemic, Outplacement of Challenger, Gray & Christmas Reported Thursday. More than one-third of the total camera from Billionaire Elon Musk's Efforts, with Trump's Blessing, to Slash the Federal Headcount. Challenger Put the Total of Annuent Federal Job Cuts at 62,242.
Markets Grow Tired of Tariff Changes
US Stocks Tumbled Thursday On Tariff Flip-Flop Fatigue. The S&P 500 fell 1.78% and the Dow Jones Industrial Average Lost 0.99%. The Nasdaq Composite Slumped 2.61% to Enter Correction Territory, Meaning It has Fallen 10% From A Recent High. The Tech-Heavy Index has also wiped out all it post-election gains. On Friday, Asia-Pacific Markets Tracked Wall Street Lower. Japan's Nikkei 225 Dropped 2.25% AS Yields on Long-Term Japan Government Bonds Rose to their highst level Sink 2008.
European Central Bank Cuts Rats
The European Central Bank on Thursday Cut Interest Rates by 25 Basis Points And updated the langage in its decision to say monetary policy you becoming “Meaningfully less restrictive.” The cut brings the ecb's deposit facility rate, ITS Key Rate, is 2.5% – a move that markets had widels price in before the announacement. Ecb President Christine Lagarde Said No Governing Council Mambers opted the cut, but one central bank GoverNnor Abstained.
(Pro) Semi ETF Forms Dreaded Pattern
The Early Part of 2025 Has Not Been Kind to Semiconductor Stocks. An etf tracking a basket of semiconductor companies is down double digits in the past month, in contrast to ITS 38.5% jump in 2024. The semicondductor etf's latest movement has has Formed a Dreaded Chart Pattern – The First Time It's Done So in More than Two Years – Which Could Signal More Trouble Ahead.
And finally …
Traders Across the Globe Are Monitoring Upates to US President Donald Trump's Trade Policy.
Spencer Platt Getty images
Global Bonds Sell Off AS Investors React to Trump's Tariffs and A German 'Paradigm Shift'
Government Borrowing Costs Rose Across the Globe on Thursday. Yields on German Government bonds skyrocaend on Wednesday, with the yield on the 10-year debt instruments adding around 30 basis points. The 10-Year Bund Yield, Seen as a benchmark for the wider euro zone, rose at the start of thursday's trading session bear trending low.
Deutsche Bank Research Strategist Jim Reid Said in A Note to Clients on Thursday Morning That Germany's Political Gear Shift Had Helped Fuel A Greater Appetite For Riskier Assets in Europe. “There's no double that markets are pricing in a once-in-a-generation Policy Regime Shift, Which has Brought About a Huge Risk-on Move for European Assets,” He Said.