The CEO of NVIDIA, Jensen Huang, gives a speech at CES 2025, annual Consumption Electronics, in Las Vegas, Nevada, US 6 January 2025.
Steve Marcus Reuters
US President Donald Trump said on Thursday that he would grant a tariff to Canada and Mexico, which are temporarily detained, a-ahead, while threatening on Wednesday separately to hit a 25% fee to the European Union.
They are one of the closest to the US allies and the largest trading partners. Expect geopolitical friction and economic fall if tariffs have been implemented.
Some repercussions could already start. Unemployed claims in the USA in a week ended on February 22 increased more than expected and were the highest since the beginning of October. Large technology companies, such as Google, Meta and Microsoft, have announced exemptions this year-when such means reducing costs may not be a direct response to the tariffs, they are an early sign, what they can look like when companies try to cope with the increase in import prices.
Nvidia can also stare at the gun barrel. Most of the advanced NVIDIA artificial systems are produced by TSMC in Taiwan. Trump, during the campaign trial, complained that the island stole the American chip business and said that he would impose tariffs on Taiwan tokens.
NVIDIA shares fell on Thursday after the Chipmaker announced profit on Wednesday, erasing billions of market capitalization. If the Taiwan tariffs are also implemented, the image will look much uglier, not just for the chip manufacturer.
What you need to know today
NVIDIA loses $ 273 billion
Nvidia Actions fell on Thursday by 8.5%, Turning the value of $ 273 billion and giving the company market capitalization of $ 2.94 trillion. It makes him Apple The only club member worth $ 3 trillion. Until now, in 2025, NVIDIA shares lost 10% of their value, because the company faces investors' fears of export control, tariff, more efficient artificial intelligence models and a general slowdown in growth.
Trump says that the tariffs will continue
US President Donald Trump said on Thursday in Truth Social Post on Thursday morning that he proposed him 25% of the tariffs in Mexico and Canada will enter into force on March 4. He also said that China would face an additional 10% tariff – in addition, the country will be heading – the same day. Trump added that the mutual tariffs that will apply to the “US global trading partners will throw it on April 2. Meanwhile, Trump threatened to impose 25% tariff for the European Union.
Markets fall on tariffs and nvidia
US markets were shocked on Thursday through tariff seizures and immersion in NVIDIA actions. . S&P 500 1.59%withdrew, the Industrial average Dow Jones fell by 0.45% and NASDAQ composite Fate by 2.78% Pan-European Stoxx 600 The index lost 0.46%, charged by the car sector falling by 4% When he reacted to the threat of Trump's tariffs on the EU. Actions of the aviation and defense company Rolls-Royce jumped 16% Optimite tips.
Unemployment claims higher than expected
Unemployed claims for a week ended on February 22 According to Dow Jones estimates, 242,000 were leveled seasonally, an increase of 22,000 from the changed level from the previous week and higher than Dow Jones respect at 225,000 US Labor Department report Thursday. The level of claims was the highest since the beginning of October 2024 and appears among the questions about wider economic growth and disturbing signs in recent surveys for consumer moods.
Google limits the tasks
Google He told employees in “Operations of People”, the interpersonal relationship department and its cloud unit this week Planning exemptions as part of internal reorganizationCNBC learned. According to sources and internal CNBC correspondence, some of the affected role of employees in the Google cloud unit are transferred to India and Mexico. The number of exemptions is unclear.
(Pro) Gold can reach USD 3000, analysts say
Central banks from around the world have collected gold in recent years, raising precious metal to a record level. Now, with permanent geopolitical tensions, along with inflation and commercial fears, Bullion can soon reach $ 3,000 for the first timeAnalysts think. There are several ways for investors to get an exposure to gold, each of which has their own fees and risk.
And finally …
General view of the panorama of Doha Cortiche on March 31, 2022.
Nick Potts – Pa Images | Getty images
Qatar attracts the VC fund managers to Doha thanks to the “Fund Fund” worth $ 1 billion
The Fund Fund program worth $ 1 billion in investment runny nose-which invests in both international and regional VC-MA regional funds to strengthen investments in areas such as technology and healthcare, because Qatar tries to diversify its dominant oil and gas industry.
Now he accepted his first group of Venture Capital managers. B Capital, a company -oriented company led by Facebook co -founder Eduardo Saverin, belongs to the VCS group, which is to run in Doha, opening its first Middle East office in Katari. Paradise Ganguly, co -founders of B Capital, welcomed the approach of the Persian bay to artificial intelligence and its support for the sector, in particular interest.