Trump's Tariffs Shake Markets and Global Politics

President Trump has confirmed that 25% tariffs on nearly all goods from Mexico and Canada will take effect,

along with a doubling of tariffs on Chinese imports.

The move is aimed at boosting U.S.

manufacturing and pressuring foreign governments on trade and security issues.

However, economists warn that these tariffs could drive up prices for American consumers and businesses.

Wall Street reacted sharply to the tariff announcement, with the S&P 500 dropping 1.8%, the Nasdaq plunging 2.6%,

and the Dow Jones falling 1.5%.

Tech stocks were hit hard, with Nvidia losing nearly 9% and Tesla down 3%.

Analysts warn that the tariffs could fuel inflation and slow economic growth.

China is closely watching the impact of Trump's tariffs as its leaders gather for the National People's Congress.

The government is expected to focus on boosting domestic demand and innovation while considering countermeasures against U.S.

trade policies.

Experts predict that China may retaliate with its own tariffs on American goods.

In a surprising move, Trump announced the creation of a 'Crypto Strategic Reserve,' including Bitcoin, Ethereum, and other

digital assets.

The announcement sent cryptocurrency prices soaring, with Bitcoin jumping over 11% to $94,000.

Analysts say this signals a shift in U.S.

policy towards digital assets.

The White House has paused military aid to Ukraine, citing a need to ensure the country is committed

to peace negotiations.

This comes after a tense meeting between Trump and Ukrainian President Zelensky.

The move raises concerns about Ukraine's ability to defend itself against Russia.