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Stock tank as Trump says that the tariffs will start on Tuesday

US President Donald Trump speaks on March 3, 2025 in the Roosevelt area of ​​the White House in Washington, DC.

Roberto Schmidt | AFP | Getty pictures

“Customs” is perhaps the most beautiful word in the dictionary for US President Donald Trump, but it is one that fears the fear of investors. Risk-on assets such as stocks and cryptocurrency sank on Monday, after Trump refused, succeeding Canada and Mexico of 25% to all goods imported from both countries.

In the markets, the S&P 500 has fell most since December 18 and tests its sliding 200-day average, which is generally considered a level of support. If the index drops under this line, it could continue to fall. Bitcoin dropped below 90,000 US dollars and deleted a flash profit of 10% Trump's announcement on Sunday by creating a US strategic crypto reserve.

The markets of the continent seem to strengthen the Atlantic, the European leaders who defend against Trump's overtures. The regional Stoxx 600 exceeded the S&P 500 for February. And with increasing defense stocks, Stoxx 600 had another leg-up on Monday.

When Trump's tariff announcement came after the European markets were completed, they were able to react badly on Tuesday when the tariffs officially come into force. Investors should prepare for more potential volatility.

What you need to know today

Trump: tariffs in Canada, Mexico to continue
US President Donald Trump said that the 25% tariffs in Canada and Mexico will be implemented on Tuesday after months of break, which is not satisfied with the efforts of both countries to strengthen their limits. There was “no place for Mexico or for Canada” to negotiate, Trump said on Monday at an event of the White House and confirmed that they “come into force tomorrow”. An additional tariff of 10% on China – in addition to the 10% already imposed in February – will also occur.

S&P now in red in 2025
On Monday, the S&P 500 fell by 1.76%, his worst day since December and is now in red in 2025. The Dow Jones Industrial Average Lost 1.48% and the Nasdaq Composite 2.64%fell. Bitcoin From 12% to around 82,000 US dollars in early trade in Asia. The Pan-European Stoxx 600 The index rose by 1.07%and was strengthened by defense shares after the regional leaders had security talks on Sunday. The President of the European Commission, Ursula von der Leyen, said that she would give in to further details about the “Recorm Europe Plan” on Tuesday.

Arrests about Nvidia chips
The authorities in Singapore arrested three people at the end of last week. The detention provides the operation of a sophisticated network of resellers, which may be channeled Nvidia Chips to China. Nvidia's shares sank 8.7%on Monday.

The 100 billion dollar investment of TSMC in us
Taiwan Semiconductor Manufacturing If 100 billion US dollars will invest in the USA to build five new manufacturing facilities in Arizona, Trump said on Monday and described the investment as “enormous step of the most powerful company in the world”. The new capital brings TSMC's total investment to the USA at $ 165 billion. Trump repeatedly called Taiwan and accused the US CHIP Manufacturing business.

Inflation of the euro zone facilitated
In February, the inflation of the euro zone was 2.4%on Monday, according to Flash data from Eurostat. While the overrometer of 2.5%of January fell. It is higher than the 2.3%expected from a Reuters survey. The core inflation, which exceed energy, food, alcohol and tobacco costs, was 2.6%in February, slightly lower than in the previous month. The European Central Bank will probably announce a further reduction in interest on Thursday.

[PRO] Worries about the moving average of 200 days
Technical analysts that see price diagrams fear that the S&P 500 could soon test the sliding 200-day average. The basic index blows, defeated on Monday, confirmed how fragile the market construction is at the beginning of a new month, according to analysts. Here is why this technical level is important for investors.

And finally …

The Canary Wharm Business District in London.

Dan Kitwood | Getty Images News | Getty pictures

The rampant growth of private loans can have an unlikely beneficiary: banks

A relatively new and growing form of lending in Europe enables banks to reduce costs, to avoid the requirements for the provision and to increase the returns by classifying certain debts as a lower risk than they would otherwise do. The new financing structure, which is referred to as “back lever”, includes borrowers who secure a loan from a private credit fund, which in turn has an impact on a bank.

The loan amount issued by the bank to the credit fund, according to almost a dozen sources that CNBC interviews for this story, is less risky than an equivalent loan that was issued directly to the borrower. Banks must be obliged to put the debt with a lower risk of putting a lower amount of regulatory capital in relation to debt, which is classified with a higher risk.