To The Moon

Market wipeout

Image is from watch guru

Here’s a summary of the tariff situation involving China, Canada, Mexico, and the United States:

The U.S. imposed new tariffs effective March 4, 2025: 25% on most imports from Canada and Mexico (10% on Canadian energy), and an additional 10% on Chinese imports (totaling 20% with prior duties). These aim to address immigration, fentanyl trafficking, and trade imbalances, justified under a national emergency declaration. All three countries retaliated or plan to:

Canada: Immediate 25% tariffs on $30 billion in U.S. goods, with more planned, plus threats to cut nickel and energy exports.

Mexico: Preparing 25% tariffs on U.S. goods like vehicles and steel, details due March 9.

China: 10-15% tariffs on U.S. agricultural and energy products, plus lumber bans and a WTO complaint.

Economic impacts include rising U.S. consumer prices (e.g., $2,000/household annually, $3,000-$12,000/car) and market declines (e.g., S&P 500 down 1.8%). Risks of a trade war loom, though U.S.-Canada-Mexico talks hint at possible adjustments. The situation remains fluid, with Mexico’s next move and potential escalations key to watch.Summary of the Tariffs War for USA.

Most of the above are summarize from Grok.

China, Canada and Mexico do not seem to be backing down from their various retaliation efforts. This has cost the market to be in red. We hope that things can work out without causing inflationary prices on all economies.

Let us make peace and not trade wars.

$S&P 500(.SPX)$

$Cboe Volatility Index(VIX)$