Canada's main stock index rose on Wednesday as technology and metal mining shares notched gains, despite confusion around the timing of a deadline for U.S. tariffs on Canadian goods.
Nvidia, Trump and Trade Tariffs
Technology shares were the leading losers among S&P 500 sectors as solid earnings reported by Nvidia late Wednesday were offset by President Trump's confirmation that 25% tariffs on Mexico and Canada are on track to go into effect next week,
Semiconductor stocks fell sharply on Monday amid worries that companies in China are using workarounds to get the latest offerings from Nvidia (NASDAQ:NVDA) and President Trump's announcement that tariffs will go into effect tomorrow on Canada and Mexico.
1don MSN
This is in response to Trump confirming that the 25% Canada and Mexico tariffs would be going ahead, alongside a furt
Stocks finished sharply lower after President Donald Trump said that Mexico and Canada wouldn't avoid 25% tariffs on imports due to go into effect on Tuesday. Stocks saw a positive start to the week a
Nvidia stock (NVDA) has further to fall, claims a leading analyst, with fears that it could hit $100 in a matter of hours. Discover the Best
The aggressive tariff plans prompted a broader market pullback, as concerns over trade restrictions sent stocks reeling and the Dow plunging more than 600 points.
Nvidia shares fell nearly 9 percent on Monday following US President Donald Trump’s confirmation that tariffs on imports from Canada and Mexico would take effect on Tuesday, according to CNBC.
Beijing said it is banning the U.S. biotech from [exporting gene sequencers to China](
Nvidia sees a massive loss to its valuation, tumbling a whopping $200 billion, largely in response to changes to political and economic policies.
High tariffs on all goods from Mexico and Canada have put the US stock markets under pressure. For Nvidia, accusations from Singapore are making matters worse.
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