More pricing breaks – but Nasdaq enters the correction

US President Donald Trump has expanded his pricing break to the goods from Canada and Mexico, as long as they satisfy the terms of the American-mexico-Canada agreement, a trade agreement between all countries.

Unlike Trump’s stay of Trump to car manufacturers, which has increased stocks, investors have not been relieved this time. All the main American references have sank, the composite of the Nasdaq losing in the correction territory and losing its post-electoral trump bump.

This could be due to the fact that the Trump administration seems to double the prices, even if it recognizes – and rejects – the repercussions of these samples.

Trump has rejected the idea that he looks at the markets, provoking the dismay of investors who bet on the “Trump put”, the idea that the current president would prevent a sharp drop in shares. Meanwhile, the Secretary in the United States of the Treasury Scott Bessent removed the idea of ​​”cheap goods” as an integral part of the “American dream”.

Price break on certain goods
Goods imported into the United States from Canada and Mexico, which complies with the North American trade agreement known as the USMCA, will be temporarily excluded from 25% prices from US President Donald Trump in both countries, a White House official said on Thursday. This covers around 38% of Canadian imports and 50% of Mexicans, according to another civil servant. The stay will last until April 2.

Exports growth in China slows down
China exports during the period from January to February increased 2.3% in US dollars compared to the previous year, considerably underlying the expectations of a 5% increase in a reuters survey. It is also much lower than growth of 10.7% in December. In addition, the Chinese Foreign Minister Wang Yi said that the United States should not impose “arbitrary prices” or return good will with hostility, and he pointed out that the two countries would both be part of the world for a long time, requiring a “peaceful coexistence”.

The United States creates a strategic bitcoin reserve
Trump signed a decree Thursday creating a Bitcoin strategic reserve. The crypto of the White House and the Tsar of AI David Sacks wrote in an article on X that the reserve will be financed exclusively with the bitcoin seized in cases of criminal and civil confiscation. In addition, the prescription establishes a stock of American digital assets, managed by the Treasury Department, to hold other confiscated cryptocurrencies. Bitcoin prices dropped as low as $ 84,688.13 on news, because investors were disappointed by the United States who did not intend to buy money.

“ I don’t even look at the market ”: Trump
When asked on Thursday if the decision to suspend prices on many products from Canada and Mexico for a month was because of the stock market, Trump said that he had “even looked at the market”. He added that in the long term “the United States will be very strong with what is happening here”. Trump has also blamed “globalist countries and companies that will not manage” for recent actions in shares.

The US Treasury Secretary rejects “cheap goods”
US Treasury Secretary Scott Bessent said Thursday during a speech to the New York economic club that “access to cheap products is not the essence of the American dream”. He added that Trump considers prices as having three advantages: as a source of income for the government, as a means of protecting industries and workers from unfair practices in the world and “the third stage of the stool” as Trump “uses it for negotiation”.

More layoffs than during the pandemic era
US employers announced 172,017 layoffs for February, up 245% compared to the previous month and the highest monthly count since July 2020 during the Covide Pandemic, Outplacement Challenger, Gray & Christmas reported on Thursday. More than a third of the total came from the efforts of the billionaire Elon Musk, with the blessing of Trump, to reduce the federal workforce. Challenger has put the total deletions of federal jobs announced at 62,242.

The markets get tired of price changes
American actions fell on Thursday on the pricing fatigue of the pools. THE S&P 500 dropped by 1.78% and the Industrial average Dow Jones lost 0.99%. THE Nasdaq Composite Connected 2.61% to enter the correction territory, which means that it dropped by 10% compared to a recent summit. The technological index has also erased all its post-electoral gains. Friday, the markets of Asia-Pacific followed Wall Street below. The Nikkei 225 of Japan dropped by 2.25%, yields on long -term Japanese government obligations have reached their highest level since 2008.

The European Central Bank reduces rates
On Thursday, the European Central Bank reduced interest rates by 25 base points and updated the language in its decision to say that monetary policy became “significantly less restrictive”. The decrease bears the deposit rate of the ECB, its key rate, to 2.5% – a decision in which the markets had largely evaluated before the announcement. The president of the ECB, Christine Lagarde, said that no member of the board of directors opposed the reduction, but a governor of the central bank abstained.

(Pro) Semi ETF form a dreaded motif
The first part of 2025 was not nice for semiconductor stocks. An ETF following a basket of semiconductor companies is down to two figures in the last month, unlike its jump of 38.5% in 2024. The last movement of the semiconductor setf formed a dreaded graphic model – the first time it does so in more than two years – which could point out more problems to come.

Global obligations are sold while investors react to Trump prices and a “ German paradigm “

Government loan costs increased around the world on Thursday. The yields on the obligations of the German government skyrocketed on Wednesday, the yield on the 10 -year debt instruments adding approximately 30 base points. Bund yield at 10 years, considered a reference for the broader euro zone, increased at the start of the negotiation session on Thursday before dropping.

Deutsche Bank Research’s strategist Jim Reid said in a note to customers on Thursday morning that the change in political equipment in Germany had helped fuel a greater appetite for risky assets in Europe. “There is no doubt that the markets tariff a change in political regime once in a generation, which caused a huge risk decision for European assets,” he said.