Streetbeat News

Trade Policy

RIVN

Rivian Automotive's stock experienced a rally following the Trump administration's announcement of 25% tariffs on imported automobiles and auto parts. These tariffs could potentially provide a competitive advantage for domestic electric vehicle manufacturers like Rivian by making imported vehicles more expensive.

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March 28, 2025 | 1:30 pm

XRP-USD

XRP is showing bearish technical indicators, including a descending triangle pattern on its weekly chart suggesting a potential 40% price decline to $1.32. Compounding the technical signals are macroeconomic pressures from upcoming Trump tariffs, which could reduce capital flow into speculative markets and further impact cryptocurrency prices.

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March 28, 2025 | 1:15 pm

SPY

Canadian Prime Minister Mark Carney is preparing to engage with President Donald Trump regarding ongoing trade tensions, specifically focusing on potential retaliatory tariffs in response to existing US trade barriers. The leaders are expected to have a phone conversation to discuss these trade-related issues.

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March 28, 2025 | 1:15 pm

SPY

February's Personal Consumption Expenditures (PCE) data revealed persistent inflation at 2.8% year-over-year, exceeding the Federal Reserve's 2% target. Consumer spending rose 0.4%, but economic uncertainty looms due to escalating trade tensions and potential tariffs. The Fed remains cautious, holding interest rates steady and anticipating slower growth and higher inflation through 2025.

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March 28, 2025 | 1:00 pm

NDAQ

US stock futures indicate a weak opening on Friday, driven by President Trump's new auto tariffs and upcoming PCE inflation data. The market is experiencing pressure from trade tensions, with tech and automotive sectors particularly impacted. Investors are closely watching the Federal Reserve's potential policy responses.

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March 28, 2025 | 12:15 pm

DXY

SPX

The article highlights growing market concerns over escalating trade tensions, particularly around potential U.S. auto tariffs and geopolitical uncertainties. Key developments include the Trump administration's proposed minerals deal with Ukraine, potential retaliatory trade actions by Canada, and rising market volatility. The Congressional Budget Office warns of increasing federal deficits and debt levels, adding to economic uncertainty.

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March 28, 2025 | 12:15 pm

UUP

Danske Bank's FX analyst Jesper Fjärstedt suggests EUR/USD will likely consolidate around 1.08-1.09, with potential upside risks. The USD reaction to recent tariffs remains uncertain, with mixed past impacts including lower import demand, inflationary effects, and potential growth concerns.

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March 28, 2025 | 12:15 pm

F

HMC

TM

TSLA

The US is set to implement a 25% tariff on imported passenger vehicles, light trucks, and key automobile parts starting April 2. This move will impact complex international supply chains, with nuanced implications for domestic and foreign automakers like Honda, Toyota, Ford, GM, Stellantis, and Tesla. The tariff order includes provisions for USMCA-compliant parts to remain temporarily tariff-free, with a future process to assess non-US content.

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March 28, 2025 | 11:45 am

SPY

President Trump is maintaining his commitment to impose a 25% tariff on most goods imported from Canada and Mexico. Economic expert Doug Holtz-Eakin warns that these tariffs could be more damaging than Wall Street currently anticipates, potentially impacting the economies of all three nations involved.

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March 28, 2025 | 11:45 am