• Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
Stock

Asia markets slide as Trump confirms tariffs on Mexico, Canada, and China

by February 28, 2025
by February 28, 2025

Asian stock markets tumbled on Friday after US President Donald Trump confirmed tariffs on Mexico, Canada, and China, rattling investor sentiment.

The announcement, which marks a renewed escalation in trade tensions, sent key Asia-Pacific indexes lower, mirroring losses on Wall Street overnight.

Bitcoin also declined, extending its losses from recent highs.

Japan’s Nikkei 225 dropped 0.9%, while the Topix fell 0.68% in early trading. South Korea’s Kospi tumbled 1.54%, with the Kosdaq down 1.69%.

Hong Kong’s Hang Seng Index lost 1.14%, while Australia’s S&P/ASX 200 slipped 0.86%.

China’s CSI 300 remained largely flat as investors assessed the potential impact of additional US trade measures.

Meanwhile, Bitcoin dropped 1.79% to $82,811.12, marking a nearly 25% decline from its record high in January, as risk-off sentiment spread across markets.

Trump’s tariffs heighten trade tensions

On Thursday, Trump confirmed that his postponed 25% tariffs on Canada and Mexico would take effect on March 4, citing a lack of progress in stopping the flow of illicit drugs into the US.

In addition, he announced a 10% tariff increase on Chinese imports, which will take the total duty on affected goods to 20%.

This renewed trade uncertainty weighed heavily on US markets, with all three major indexes closing lower.

The S&P 500 fell 1.59% to 5,861.57, extending its weekly losses.

The Nasdaq Composite tumbled 2.78% to 18,544.42, dragged down by an 8.5% drop in Nvidia, while the Dow Jones Industrial Average shed 193.62 points (0.45%) to close at 43,239.50.

The prospect of escalating tariffs has fueled concerns over rising inflation, global supply chain disruptions, and potential retaliation from China.

Beijing has yet to respond, but analysts warn that increased trade barriers could further strain relations between the world’s two largest economies.

Japan retail sales rise, but inflation slows

Despite market turmoil, Japan’s retail sales posted their strongest growth in nearly a year, rising 3.9% year-on-year in January.

This was slightly below economists’ expectations of 4% but surpassed December’s 3.5% gain.

Fuel sales led the growth, climbing 8.7% year-on-year, reflecting higher energy prices.

Meanwhile, Tokyo’s core inflation slowed to 2.2% in February, slightly below Reuters’ forecast of 2.3%.

While still above the Bank of Japan’s 2% target, the data suggests moderating price pressures, which could influence the central bank’s future policy decisions.

With US-China trade tensions escalating and global inflationary risks persisting, investors remain cautious.

Markets will be watching for China’s potential retaliatory measures and any signals from the Federal Reserve on how it plans to navigate these economic uncertainties.

The post Asia markets slide as Trump confirms tariffs on Mexico, Canada, and China appeared first on Invezz

0 comment
0
FacebookTwitterPinterestEmail

previous post
Shiba Inu burn rate surges, but SHIB price remains stuck below $0.000015
next post
AppLovin stock price crashes as we predicted: what next for APP?

Related Posts

Asia markets open: Nikkei hits 51,000 for the...

October 29, 2025

Morning brief: AWS’s $5B South Korea plan; Trump...

October 29, 2025

US retail power prices soar: data centers and...

October 29, 2025

China resumes US soybean imports as trade deal...

October 29, 2025

Amazon’s AWS to fuel South Korea’s AI hub...

October 29, 2025

Visa expands stablecoin network across four blockchains

October 29, 2025

US–China trade talks shift focus to AI chips,...

October 29, 2025

Europe markets open: Stocks flat as Fed looms;...

October 29, 2025

Banijay to acquire majority stake in Tipico creating...

October 28, 2025

Cathie Wood warns investors to brace for correction,...

October 28, 2025

Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.

By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

Recent Posts

  • Cowboy Diplomacy: Ranchers Reject Tariff Rhetoric

    October 29, 2025
  • We Have Never Been Austere

    October 29, 2025
  • Asia markets open: Nikkei hits 51,000 for the first time; Sensex jumps 100 points

    October 29, 2025
  • Morning brief: AWS’s $5B South Korea plan; Trump on Kim meet; Oil steady

    October 29, 2025
  • US retail power prices soar: data centers and supply constraints drive up costs

    October 29, 2025
  • China resumes US soybean imports as trade deal nears final stage

    October 29, 2025

Editors’ Picks

  • 1

    Meta executives eligible for 200% salary bonus under new pay structure

    February 21, 2025
  • 2

    Pop Mart reports 188% profit surge, plans aggressive global expansion

    March 26, 2025
  • 3

    New FBI leader Kash Patel tapped to run ATF as acting director

    February 23, 2025
  • 4

    Walmart earnings preview: What to expect before Thursday’s opening bell

    February 20, 2025
  • 5

    Cramer reveals a sub-sector of technology that can withstand Trump tariffs

    March 1, 2025
  • 6

    Anthropic’s newly released Claude 3.7 Sonnet can ‘think’ as long as the user wants before giving an answer

    February 25, 2025
  • 7

    Nvidia’s investment in SoundHound wasn’t all that significant after all

    March 1, 2025

Categories

  • Economy (3,045)
  • Editor's Pick (297)
  • Investing (185)
  • Stock (2,072)
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Portfolio Performance Today
  • Investing
  • Stock
  • Economy
  • Editor’s Pick
Copyright © 2025 Portfolioperformancetoday.com All Rights Reserved.

Read alsox

Shell Q1 profit falls 28% but tops...

May 2, 2025

Why QuantumScape stock price jumped and why...

July 19, 2025

DAX, FTSE MIB, AEX, IBEX 35, SMI...

April 7, 2025