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Nvidia sinks and Trump confirms the tariffs

Nvidia headquarters in Santa Clara, California, on May 21, 2024.

Justin Sullivan | Getty pictures

US President Donald Trump said on Thursday that he would give tariffs in Canada and Mexico, who are temporarily in the break, the starting art and separately threatens to hit the European Union on Wednesday.

These are some of the closest allies and largest trading partners in the United States. Expect geopolitical friction and economic consequences when the tariffs are implemented.

Some of the effects could have already started. The claims for unemployed claims in the United States for the week ended more than expected on February 22nd and have been the highest since the beginning of October. Large technology companies such as Google, Meta and Microsoft have announced layoffs this year. Due to such cost reduction measures, they may not have been a direct reaction to tariffs, they are an early sign of what things could look like when companies try to deal with increased import prices.

Nvidia could also stare down the run of a weapon. Most of the advanced artificial intelligence chips from Nvidia are produced by TSMC in Taiwan. In his campaign process, Trump complained that the island stolen the US chip business and said that he would impose tariffs on chips from Taiwan.

Nvidia’s shares fell on Thursday after the Chipmaker’s announced on Wednesday with the result of the market capitalization. Even if tariffs are implemented on Taiwan, the picture looks much uglier and not just for the chip maker.

What you need to know today

NVIDIA loses 273 billion US dollars in value
Nvidia The shares rose by 8.5%on Thursday, extinguished value to $ 273 billion and received a market capitalization of 2.94 trillion dollars to the company. That makes Apple The only member of the 3 -brillion club. So far, the NVIDIA shares have lost 10% of its value in 2025, since the company is exposed to investor concerns regarding export controls, tariffs, more efficient models for artificial intelligence and a general slow speed of growth.

Trump says the tariffs will continue
US President Donald Trump said on Thursday on Thursday morning in a social post of truth that his proposed 25% tariffs in Mexico and Canada will come into force on March 4. He also said that China will be exposed to an additional tariff with a tariff of 10% at the same time – and the country is already exposed. Trump added reciprocal tariffs that apply to the global trading partners of the United States on April 2, added Trump. In the meantime, Trump threatened a tariff of 25%of the European Union.

Markets are summarized through tariffs and Nvidia
The US markets were shaken on Thursday by Jitter’s tariff and a jump to Nvidia shares. The S&P 500 Runded 1.59%, the Dow Jones Industrial Average fell by 0.45% and that Nasdaq Composite fell by 2.78%. The markets followed on Friday in the Asian-Pacific space of the Wall Street film. Japan Nikkei 225 Lost around 2.9%, Hong Kongs Hang Seng Index Was around 3.2% and the Australia S&P/ASX 200 1.16% lower closed.

Higher than expected unemployed claims
The US unanswered claims for the week of February 22, 242,000, 22,000 compared to the revised level of the previous week and higher than the estimate of Dow Jones for 225,000, a report by the US Ministry of Labor on Thursday. Separately, Google This week in his “People Operations”, the department for human relationships of the company, and the cloud unit, which it is planning for layoffs, has learned CNBC.

Bitcoins one -week Rout
Bitcoin fell by 3.45% in early Asia trade to around $ 80,500, almost 25% lower than the all-time high in mid-December after Trump’s election victory. The prices have gone when investors avoid the assets in view of the weakness of the global stock markets and uncertainty in relation to Trump’s tariffs. The investigation was also determined by News that Bybit, a large cryptocurrency exchange, had suffered a hack of 1.5 billion US dollars.

(Pro) Gold could reach 3,000 US dollars, say analysts say analysts say
Central banks from all over the world have built up gold in recent years and increased the precious metal to record levels. Now, with persistent geopolitical tensions, as well as inflation and trade concerns, Bullion could soon reach 3,000 US dollars for the first time. There are some options for investors to achieve gold, with everyone having their own fees and risks.

And finally …

Gold bars from the American Precious Metals Exchange in New York on September 15, 2011.

Mike Segar | Reuters

America’s appetite for gold is the “sucking” buge from other countries

The risk of tariffs for gold has caused US banks, investors and dealers to convert gold into the Commodities Exchange Center and other vaults in New York if it is usually stored in London. “There are concerns that upcoming tariffs on Canada and Mexico influence both gold and silver,” said Nicky Shiels, head of the metals strategy at MKS Pamp.

Canada and Mexico are among the largest gold exporters in the USA. Since Trump’s election victory last November, the USGOLD -FUTURES has largely exceeded their international colleagues and created Arbitrage opportunities for those who can shift large amounts of bullion to the USA.

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