Tue Mar 04 10:18:50 UTC 2025: ## Trump’s Tariffs Trigger Global Market Dip

**Bangkok, March 4, 2025** – Global markets experienced a downturn Tuesday following the implementation of new tariffs imposed by U.S. President Donald Trump on imports from Canada and Mexico. China retaliated with increased tariffs on U.S. farm products, escalating the trade conflict.

European markets saw significant losses, with Germany’s DAX falling 1.8%, France’s CAC 40 dropping 1.1%, and Britain’s FTSE 100 losing 0.4%. Asian markets also suffered, with Japan’s Nikkei 225 down 1.2% and Hong Kong’s Hang Seng falling 0.4%. While the Shanghai Composite edged slightly higher, South Korea’s Kospi and Taiwan’s Taiex both declined.

The impact follows a Monday slump in U.S. markets, with the S&P 500 dropping 1.8% after Trump declared an end to negotiations. The Dow fell 1.5%, and the Nasdaq composite slumped 2.6%. These losses significantly reduced the S&P 500’s gains since the election.

Francis Lun, CEO of Geo Securities in Hong Kong, predicted a complete cessation of Chinese purchases of U.S. farm goods, diverting orders to South America. He characterized the situation as a lose-lose scenario for all involved.

The market’s decline has particularly affected high-growth tech stocks like Nvidia (down 8.8%) and Tesla (down 2.8%). Concerns over U.S. economic indicators, including weakening manufacturing orders and rising prices fueled by the tariffs, also contributed to the negative sentiment. Crude oil prices also fell, and the U.S. dollar weakened against the Japanese yen and the euro. Bitcoin experienced a significant drop, falling 8.7%.

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