Group 1: U.S. Tariff Actions - On March 3, 2025, President Trump announced a 25% tariff on all goods from Canada and Mexico, with a 10% tariff on Canadian energy products[1] - The second round of tariffs on Chinese goods increased from 10% to 20%[1] - Canada retaliated with a 25% tariff on $30 billion CAD of U.S. imports starting March 4, and an additional $125 billion CAD after 21 days[1] Group 2: Impact on China - In 2024, China's total exports to the U.S. were $524.656 billion, accounting for 14.67% of China's total exports, the lowest since 2010[4] - The 20% tariff on Chinese goods is expected to drag down China's nominal GDP by approximately 0.4%[4] - The largest export categories to the U.S. include machinery and audio equipment, which accounted for $218.38 billion or 41.6% of total exports to the U.S.[4] Group 3: Impact on U.S. Economy - Recent economic data shows a decline in U.S. retail sales, with a January 2025 decrease of 0.88%, the largest drop since January 2024[12] - The unemployment rate rose to 4.1%, above the expected 4%[16] - The Atlanta Fed's GDPnow model predicts a significant drop in Q1 2025 GDP growth to -2.83%[16] Group 4: Market Reactions - Major U.S. stock indices have declined, with the Dow Jones down 4% and the S&P 500 down 4.5% since the tariff announcement[22] - The U.S. dollar index fell by 4.3%, dropping below 104[23] - Gold prices increased to over $2900 per ounce, reflecting a 3.6% rise since the tariff announcement[23] Group 5: Future Outlook - The financial market is expected to experience volatility, with U.S. stocks fluctuating around the annual line[29] - The dollar index is projected to remain weak within the 100-105 range[29] - Gold prices may continue to rise, potentially reaching $3000 per ounce in the short term[29]

Group 1: US Economic Policy - Trump's tariff policy remains inconsistent, with a 25% tariff on Mexico and Canada set to take effect on April 2, 2025[8] - February's non-farm payrolls added 151,000 jobs, below the expected 160,000, with government jobs contributing only 11,000, the lowest in 10 months[13] - Unemployment rate increased to 4.1%, higher than the previous 4.0%[13] Group 2: European Economic Policy - Germany plans to establish a €500 billion special fund and relax debt limits to stimulate the economy[21] - The EU proposed an €800 billion plan to "rearm Europe"[21] - The European Central Bank (ECB) lowered rates by 25 basis points, signaling a potential end to rate cuts[22] Group 3: Global Market Trends - US stock indices fell: S&P 500 down 3.1%, Dow Jones down 2.4%, and Nasdaq down 3.5%[28] - European STOXX 600 index decreased by 0.7%, while Germany's DAX rose by 2.0%[28] - Asian markets saw the Hang Seng Tech Index rise by 8.4%[28] Group 4: Bond Market Developments - US 10-year Treasury yield rose by 8 basis points to 4.32%[32] - 2-year Treasury yield remained stable at 3.99%[32] - German 10-year bond yield surged by 45 basis points to 2.83%[32] Group 5: Commodity Price Movements - Brent and WTI crude oil prices fell by 3.9%, closing at $70.4 and $67.0 per barrel, respectively[34] - Gold prices increased by 3.4%, reaching $2931 per ounce[34] - Silver prices rose by 4.4% during the same period[34] Group 6: Currency Fluctuations - US Dollar Index dropped by 3.4% to 103.89, with the Euro appreciating by 4.4% against the dollar[36] - British Pound increased by 2.7% against the dollar[37] - Japanese Yen depreciated by 1.7% against the dollar[37]