CNBC Daily Open: Markets Rocked as Nvidia Slumps and Trump Confirms Tarifs

Us President Donald Trump Said Chiursday He Bold Give Tariffs on Canada and Mexico, which are temperarily paiused, the go-ahead, with separely threating on Wednesday to Slap a 25% Levy Oned European Union.

Thos are some of the US ‘closest allies and biggest trade partners. Expect geopolitical friction and economic fallout if the tariffs are implemented.

Some of the repercussions might have been already. Jobless Claims in the US for the Week Ended Feb. 22 rose more than expected and were the highhest since early October. Big tech companies, such as google, meta and microsoft, have announced layoffs this year-How Such Cost-Cutting Measures Measures May Not Have Bee Been A Direct Response to Tariffs, Thei ARANE ERLY SIGN of What things out look like when companies try to deal with Increased Import Pries.

Nvidia might also be staring down the barrel of a gun. Most of Nvidia’s Advanced Artificial Intelligence Chips are manufactured by tsmc in taiwan. Trump, on His Campaign Trial, Has Complained that Island Stole The Us’ Chip Business, And Said He Would Impose Tariffs on Chips from Taiwan.

Shares of nvidia plummeted thursday after the chipmaker Announced Earnings Wednsday, Wiping out Billions in Market Capitalization. If tariffs on taiwan are implemented as well, the picture will look well uglier, and not just for the chipmaker.

Nvidia loses $ 273 billion in value
Nvidia Shares Plunged 8.5% on Thursday, wiping out $ 273 billion in value And giving the company a market capitalization of $ 2.94 trillion. That makes Apple The only member of the $ 3 trillion club. So far in 2025, nvidia shares have lost 10% of their value, as the company faces investor concerns about export controls, tarifs, more efficient Artificial Intelligence and An Overallal Slowing Pace of Growth.

Trump Says Tarifs will go ahead
Us President Donald Trump on Chiursday said in a Truth social post on thursday morning that his proposed 25% tariffs on mexico and canada will go into effect March 4He also said china will face an additional 10% tariff – on top of that country already faces – on the same date. Reciprocal tariffs, which will apply to us’ global trade partners, will kick in April 2, trump added. Meanwhile, trump threatened to impose a 25% tariff on the European Union,

Markets Slump over tariffs and nvidia
Us markets were jolted on Thursday By tariff jitters and a plunge in nvidia shares. The S & p 500 Retrated 1.59%, the Down jones Industrial Average Dropped 0.45% and the Nasdaq composite Fell 2.78%. On Friday, Asia-Pacific Markets Followed Wall Street’s SlideJapan’s’s Nikkei 225 Lost Around 2.9%, Hong Kong’s Hang Seng Index was down roughly 3.2% and the australia’s S & p/asx 200 Closed 1.16% Lower.

Higher-That-Expected Jobless Claims
Us Jobless Claims for the Week Ended Feb. 22 Totaled a seasonally adjusted 242,000, up 22,000 from the previous week’s revised level and higher than the down the down the downs estimate for 225,000, according to a US labor department report Thursday. Separately, Google Told staffers this week in its “People operations,” The company’s human relations division, and its cloud unit that it is Planning LayoffsCNBC has learned.

Bitcoin’s Week-Long Rout
Bitcoin Fell 3.45% to Around $ 80,500 In Early Asia Trading, Nearly 25% Lower Than the All-Time High Hit in Mid-Decmber after Trump’s Election Victory. Pris Have Slipped as Investors Shun Assets Percented to Be Risky Given the Weakness in Global Equity Markets and Uncertainty Around Trump’s Tariffs. Investor Sentime $ 1.5 billion hack,

(Pro) Gold Might Hit $ 3,000, Analysts Say
Central Banks from Around the world have been scooping up gold in recent years, lifting the precious metal to record levels. Now, with Persistent Geopolitical Tensions, Along With Inflation and Trade Concerns, Bullion Cold Soon Reach $ 3,000 for the first timeAnalysts Think. There are a few ways for investors to Gain Exposure to Gold, with Having their own feet and risks.

America’s Appetite for Gold is ‘Sucking’ Bullion out of Other Countries

The threat of tariffs on gold has spurred us banks, investors and traders to shift the gold into the commodities, exchange center and other Vaults in New York, when it will be found in London. “There are Concerns that Imminent Tariffs on Canada and Mexico will affect both gold and silver,” said nicky shiels, head of metals strategy at mks pamp.

Canada and Mexico are among the largest expenses of gold to the united states. Since Trump’s Election Victory Last November, Us Gold Futures Have Largely Outpaced Their International Counterparts, Creaking Arbitrage Opportunities for that ablee to shifts of mills of mill Into the US, According to Industry Watches CNBC Spoke to.