More tariff pauses – but Nasdaq enters the correction

US President Donald Trump expanded his tariff pause for goods coming from Canada and Mexico, as long as they meet the conditions of the United States Agreement-Kanada, a trade agreement among all countries.

Unlike Trump’s Wednesday’s return to the automobiles, who clashed the shares, investors were not facilitated this time. All the main standards of the US sank, with the Nasdaq composition, plunging into the correction territory and losing its blow after the Trump elections.

This may be because the Trump administration seems to be doubled in tariffs, even as it admits – and rejects – the consequences of such taxes.

Trump came up with the idea that he is watching markets, causing concern to investors who were banking in “Come on Trump”, the idea that the current president would prevent a steep drop in shares. Meanwhile, US Treasury Secretary Scott Bessent shook the idea of ​​”free goods” as integral to the “American dream”.

Tariff pause for some goods
The goods imported into the US from Canada and Mexico, which are in accordance with the North American trade agreement known as USMCA, will be temporarily excluded from 25% US President Donald Trump in both countries, a White House official on Thursday. This covers about 38% of Canadian imports and 50% of Mexican ones, according to another official. The repetition will last until April 2.

Growth exports to China slows down
China’s exports in January -February increased 2.3% in terms of the US dollar a year earlier, significantly underestimating the expectations of a 5% increase in a reuters survey. Also much lower than an increase of 10.7% in December. On its own, China Foreign Minister Wang Yi said that the US should not impose “arbitrary tariffs” or return good will with hostility, and he stressed that both countries would be part of the world for a long time, demanding “peaceful coexistence”.

SH.BA creates Bitcoin Strategic Reserve
Trump signed an executive order on Thursday creating a strategic reserve of Bitcoin. Crypto of the White House and Czar Sacks of he writes in a post on X that the reserve will be financed exclusively with Bitcoin seized in cases of criminal and civil confiscation. Moreover, the Order creates a stock of US digital assets, managed by the Treasury Department, to maintain other confiscated cryptocurrency. Bitcoin’s prices fell as low as $ 84,688.13 for news, after investors were disappointed by the US who had no plans to buy the currency.

‘Nor seeing the market’: Trump
When asked on Thursday if the decision to halt fees for many products from Canada and Mexico for a month was due to the stock market, Trump said he was “not even in the market”. He added that in the long run “the United States will be very strong with what is happening here.” Trump also blamed “global countries and companies that will not do well” for the latest losses in their capital.

US Treasury Secretary Rejects ‘Free Goods’
US Treasury Secretary Scott Bessent on Thursday said during a speech at New York Economic Club that “access to free goods is not the essence of the American dream”. He added that Trump considers tariffs to have three benefits: as a source of income for the government, as a way to protect industries and workers from unjust practices around the world, and as “third foot in excrement” after Trump uses it to negotiate. “

More breaks from work than during the Pandemic era
US employers announced 172.017 holidays for February, with 245% from last month and the highest monthly count since July 2020 during the Pandemic Covid, Old Firm, Challenger, Gray & Christmas reported on Thursday. More than a third of the total came from billionaire Elon Musk’s efforts with Trump’s blessing to reduce the federal account. Challenger set the total of the declared federal work cuts at 62,242.

Markets are tired of tariff changes
American actions crashed Thursday with the tired of rolling fees. S&P 500 fell 1.78% and Dow Jones industrial average Lost 0.99%. Nasdaq The 2.61% drop to enter the correction territory means it has fallen 10% from a last height. The heavy technology index has also deleted all its profits after the election. On Friday, the markets of Asia-Pacific traced the lower Wall Street. Nikkei 225 of Japan fell 2.25% while yields in Japan’s long -term government bonds increased to their highest level since 2008.

European Central Bank landing rates
The European Central Bank on Thursday lowered interest rates by 25 basic points and updated the language in its decision to say that monetary policy was “meaningfully less restrictive”. The abbreviation brings the level of the ECB deposit facility, its main level, to 2.5% – an action that markets had widely valued before the notice. ECB president, Christine Lagarde, said no member of the Governing Council opposed the shortening, but a governor of the Central Bank abstained.

[PRO] Semi ETF forms scary pattern
The early part of 2025 was not good with the semiconductor shares. An ETF that follows a basket of semiconductor companies is in two -digit figures last month, in contrast to its 38.5% jump in 2024. The last movement of the semiconductor ETF has formed a frightening table pattern – the first time it has been done in more than two years – which can signal more problems ahead.

Global bonds sell while investors react to Trump’s tariffs and a ‘German SHIFT’ SHIFT

Government borrowing costs increased across the globe on Thursday. The yields in the German government bonds increased on Wednesday, with the yields on 10-year debt instruments adding about 30 base points. The 10-year Bund yield, seen as a landmark for the largest euro area, increased at the beginning of Thursday’s trade session before the lower tendency.

Deutsche Reid Reid Research Strategy said in a note to clients on Thursday morning that changing Germany’s political gears had helped promote greater appetite for the most dangerous assets in Europe. “There is no doubt that markets are prices in a change of policy regime once in a generation, which has brought a great deal of danger to European assets,” he said.