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Trump Says He Will Raise Canada Steel and Aluminum Tariffs to 50%
Tesla, Nvidia, Verizon, Delta, Oracle, Palantir: Biggest Stock Movers
Trump's tariffs are fluctuating unpredictably, the decline in US stocks is easing, Tesla has rebounded nearly 4%, Chinese concept stocks are booming, and NIO has surged 17%, while the Canadian dollar has a rollercoaster ride.
The three major U.S. stock indices all closed at six-month lows; NVIDIA rose by 1.7%, while Apple fell nearly 3%; United States Steel increased by over 5%, and Aluminum rose by more than 3%; XPeng Motors climbed nearly 15%, and Alibaba rose by almost 5%. The yield on two-year U.S. Treasuries rebounded by over 10 basis points during the session. After Trump threatened to impose tariffs on Canada, the Canadian dollar plunged to a one-week low, then turned to rise; the euro reached a nearly five-month high; Bitcoin rebounded by over $6,000 during the session.
Citi Downgrades U.S. Stocks; Cites Reasons to Love China Tech
Ontario Suspends U.S. Electricity Surcharge, Agrees to Trade Talks on March 13
Under the flower flag, a downgrade of the US stock rating! Warning that the exception theory of the USA may pause, and the economic outlook could be weaker than the Global.
US stocks have fallen for three consecutive weeks. Citigroup announced that it is downgrading its rating on US stocks from "Shareholding" to "Neutral," predicting that economic data in the USA will continue to deteriorate over the next 3-6 months. Analysts at Citigroup warn that the notion of American exceptionalism will be "paused at least for the next few months," with the economic outlook for the USA likely to be worse than that of Other Global markets.
