{"id":69380,"date":"2025-02-28T17:35:44","date_gmt":"2025-02-28T06:35:44","guid":{"rendered":"https:\/\/www.icmarkets-vni.com\/blog\/?p=69380"},"modified":"2025-08-06T15:52:10","modified_gmt":"2025-08-06T05:52:10","slug":"friday-28th-february-2025-global-markets-slide-as-u-s-confirms-tariffs-on-mexico-canada-and-china","status":"publish","type":"post","link":"https:\/\/www.icmarkets-vnk.com\/blog\/friday-28th-february-2025-global-markets-slide-as-u-s-confirms-tariffs-on-mexico-canada-and-china\/","title":{"rendered":"Friday 28th February 2025: Global Markets Slide as U.S. Confirms Tariffs on Mexico, Canada, and China"},"content":{"rendered":"\n<h3 class=\"wp-block-heading\"><br \/>Global Markets:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>&nbsp;Asian Stock Markets : Nikkei up 0.18%, Shanghai Composite down 0.40%, Hang Seng down 0.79% ASX up 0.33%<\/li>\n\n\n\n<li>Commodities : Gold at $2906.35 (-0.33%), Silver at $31.85 (-1.08%), Brent Oil at $72.37 (0.25%), WTI Oil at $68.58 (0.18%)<\/li>\n\n\n\n<li>Rates : US 10-year yield at 4.283, UK 10-year yield at 4.5010, Germany 10-year yield at 2.4380<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">News &amp; Data:<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>(USD) Prelim GDP q\/q 2.3%&nbsp; to 2.3% expected<\/li>\n\n\n\n<li>(USD) Unemployment Claims 242K&nbsp; to 222K expected<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\">Markets Update:<\/h3>\n\n\n\n<p>Asia-Pacific markets fell on Friday after U.S. President Donald Trump confirmed that tariffs on imports from Mexico and Canada would take effect next week. Australia\u2019s S&amp;P\/ASX 200 dropped 1.15%, while Japan\u2019s Nikkei 225 and Topix lost 2.81% and 1.87%, respectively. South Korea\u2019s Kospi declined 3.15%, with the small-cap Kosdaq falling 3.20%. In China, Hong Kong\u2019s Hang Seng Index slipped 2.34%, and the mainland\u2019s CSI 300 edged down 0.62%. Indian markets also traded lower, with the Nifty 50 dropping 0.99%.<\/p>\n\n\n\n<p>Bitcoin extended its recent decline, falling 1.79% to $82,811.12, marking a nearly 25% drop from its record high in January. Meanwhile, U.S. stocks also ended in the red. The S&amp;P 500 slid 1.59% to 5,861.57, remaining negative for the week and month. The Nasdaq Composite fell 2.78% to 18,544.42, dragged down by Nvidia\u2019s 8.5% drop. The Dow Jones Industrial Average lost 193.62 points, or 0.45%, closing at 43,239.50.<\/p>\n\n\n\n<p>On Thursday, Trump announced that the previously postponed 25% tariffs on Mexico and Canada would be implemented on March 4, citing insufficient action to curb drug trafficking across borders. He also confirmed that China, already facing 10% U.S. tariffs, would be hit with an additional 10% tariff on the same date. These developments have fueled concerns over escalating trade tensions.<\/p>\n\n\n\n<p>Global markets remain under pressure as investors react to rising tariffs and economic uncertainty. The latest trade policies continue to weigh on sentiment, driving losses across major stock indexes worldwide.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Upcoming Events:&nbsp;<\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>01:30 PM GMT &#8211; CAD GDP m\/m<\/li>\n\n\n\n<li>01:30 PM GMT &#8211; USD Core PCE Price Index m\/m<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Global Markets: News &amp; Data: Markets Update: Asia-Pacific markets fell on [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":71231,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[196,215,339],"tags":[],"class_list":["post-69380","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-fundamental-analysis","category-market-analysis","category-recent-posts"],"_links":{"self":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/69380","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/comments?post=69380"}],"version-history":[{"count":2,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/69380\/revisions"}],"predecessor-version":[{"id":69385,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/posts\/69380\/revisions\/69385"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media\/71231"}],"wp:attachment":[{"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/media?parent=69380"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/categories?post=69380"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.icmarkets-vnk.com\/blog\/wp-json\/wp\/v2\/tags?post=69380"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}