Market Review and Trends
Trump’s tariff war heats up. What it means for investors?
By Beansprout  •  February 3, 2025
US President Donald Trump has announced tariffs on imports from Canada, Mexico, and China. We find out how this may impact your savings and investments. What happened? After returning from the Chinese New Year holidays, I couldn’t help but notice the major news that unfolded over the weekend. US President Donald Trump has announced tariffs on imports from Canada, Mexico, and China, with the details as follows:
  • A 25% tariff on most imports from Canada and Mexico, with Canadian oil exports taxed at 10%
  • A 10% tariff on all Chinese goods
While tariffs were a frequent topic during Trump’s campaign, markets were initially relieved when no tariffs were implemented following his inauguration. However, with the announcement of these tariffs, global financial markets have reacted negatively. As of 10 a.m. on Monday, the markets were already feeling the impact:
  • Hong Kong’s Hang Seng Index dropped 1.7%
  • Japan’s Nikkei 225 fell by 2.1%
  • South Korea’s Kospi Composite Index decreased by 2.7%
...
Read the full article
By Beansprout
Hi, I’m Gerald! I have been working in investment analysis for more than 12 years. Often, I encounter everyday investors who find it difficult to invest. At Beansprout, we believe that with the right tools and knowledge, everyone can be an investor. Hence, we founded Beansprout to make quality investment insights more accessible. We hope that you can join us on this journey to grow your financial knowledge and confidence as an investor.
LEAVE A COMMENT
LEAVE A COMMENT

Your email address will not be published. Required fields are marked *

*

Your Email Address will not be published
*

Read More Articles
More from thefinance