Tariff tremors rattling the markets. Thursday morning the market opened with promise. Nvidia, the 800-pound gorilla that has become the bellwether for all things AI, had posted earnings the night before, exceeding fourth-quarter estimates on the top and bottom lines and issuing strong guidance. Commentary ranged from “a blowout” to “a nothingburger.” Either way, investors exhaled. The stock was up 2% and change.
Then, in a post on Truth Social, the President announced that tariffs of 25% on Mexico and Canada, which had been on hold for a month (and that many thought would disappear), will take effect on March 4. Trump also said that China would face an additional 10% levy on top of 10% tariffs already in place.
And away goes the promise. Nvidia would close down 8.5% for the day with the rest of the market in hot pursuit.
Then, in a post on Truth Social, the President announced that tariffs of 25% on Mexico and Canada, which had been on hold for a month (and that many thought would disappear), will take effect on March 4. Trump also said that China would face an additional 10% levy on top of 10% tariffs already in place.
And away goes the promise. Nvidia would close down 8.5% for the day with the rest of the market in hot pursuit.
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