Overview

• President Trump announced 25% tariffs on imports from Canada and Mexico and 10% tariffs on goods from China, effective February 1, with no exemptions specified.
• Major U.S. stock indexes, including the S&P 500, Dow Jones, and Nasdaq, closed lower on Friday, marking their first weekly losses in three weeks.
• Investors fear the tariffs could exacerbate inflation, potentially complicating the Federal Reserve's monetary policy decisions in 2025.
• Technology stocks, including Nvidia, faced significant pressure following concerns about AI investments and competition from China's DeepSeek.
• Economic uncertainty drove gold prices to record highs before retreating slightly, reflecting investor caution over the potential impact of the tariffs.