$JPMorgan Chase(JPM)$ Best MAG

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$JPMorgan Chase(JPM)$ Best MAGA to stall US progress, so that the 3rd world countries can also leapfrog.

US Tech Stocks Sink; Tesla Drops 6%; Nvidia Fall 5%; TSMC Drops 4.3%

U.S. stocks plunged in premarket trading after President Donald Trump's tariffs on Canada, Mexico and China triggered fears of a broad trade war and a hit to global growth.Futures tied to the Dow Jone

US Tech Stocks Sink; Tesla Drops 6%; Nvidia Fall 5%; TSMC Drops 4.3%

# JPMorgan questions viability of market hopes over Trump administration

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The bank's chief economist, Bruce Kasman, expressed concerns about the administration's recent tariff announcements on Canada, Mexico, and China, stating that the policy mix may be tilting towards a business-unfriendly stance. JPMorgan's economists were surprised by the announced tariffs, which they believe will throw Canada and Mexico into recession and have negative spillovers to the US. The bank also discussed potential unintended consequences, such as the impact of deportations and a slowing inflow of new immigrants on the US economy."}],"images":[],"coverImages":[],"html":"<html><head></head><body><p><a href=\"https://ttm.financial/S/JPM\">$JPMorgan Chase(JPM)$&nbsp;</a> Best MAGA to stall US progress, so that the 3rd world countries can also leapfrog.&nbsp;</p></body></html>","htmlText":"<html><head></head><body><p><a href=\"https://ttm.financial/S/JPM\">$JPMorgan Chase(JPM)$&nbsp;</a> Best MAGA to stall US progress, so that the 3rd world countries can also leapfrog.&nbsp;</p></body></html>","text":"$JPMorgan Chase(JPM)$ Best MAGA to stall US progress, so that the 3rd world countries can also leapfrog.","highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"favoriteSize":0,"link":"https://ttm.financial/post/399689708765592","repostId":1129833113,"repostType":2,"repost":{"id":"1129833113","kind":"news","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1738594376,"share":"https://ttm.financial/m/news/1129833113?lang=en_US&edition=fundamental","pubTime":"2025-02-03 22:52","market":"us","language":"en","title":"US Tech Stocks Sink; Tesla Drops 6%; Nvidia Fall 5%; TSMC Drops 4.3%","url":"https://stock-news.laohu8.com/highlight/detail?id=1129833113","media":"Tiger Newspress","summary":"U.S. stocks plunged in premarket trading after President Donald Trump's tariffs on Canada, Mexico and China triggered fears of a broad trade war and a hit to global growth.Futures tied to the Dow Jone","content":"<html><head></head><body><p>U.S. stocks plunged in Monday trading after President Donald Trump&#39;s tariffs on Canada, Mexico and China triggered fears of a broad trade war and a hit to global growth.</p><p>Big tech stocks sank in Monday trading. Tesla fell 6%; Nvidia fell 5%;  TSMC fell 4.3%; Apple fell 2.5%; Micron, Broadcom fell 2.3%; Alphabet fell 1%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b2d40bdb74366797f85483db5d49e3c2\" tg-width=\"380\" tg-height=\"314\"/></p><p>Trump slapped Canada and Mexico with duties of 25% and China with a 10% levy at the weekend, calling them necessary to combat the flow of migrants and fentanyl into the U.S..</p><p>Canada and Mexico immediately vowed retaliatory measures, and China said it would challenge Trump&#39;s levies at the World Trade Organization.</p><p>The tariffs, outlined in three executive orders, are due to take effect at 12:01 a.m. ET (0501 GMT) on Tuesday.</p><p>Trump&#39;s move was the first strike in what could usher in a destructive global trade war and drive a surge in U.S. inflation that would &#34;come even faster and be larger than we initially expected,&#34; said Paul Ashworth of Capital Economics.</p><p>A model gauging the economic impact of Trump&#39;s tariff plan from EY chief economist Greg Daco suggests it would reduce U.S. economic growth by 1.5 percentage points this year, throw Canada and Mexico into recession and usher in &#34;stagflation&#34; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS Tech Stocks Sink; Tesla Drops 6%; Nvidia Fall 5%; TSMC Drops 4.3%\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2025-02-03 22:52</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>U.S. stocks plunged in Monday trading after President Donald Trump&#39;s tariffs on Canada, Mexico and China triggered fears of a broad trade war and a hit to global growth.</p><p>Big tech stocks sank in Monday trading. Tesla fell 6%; Nvidia fell 5%;  TSMC fell 4.3%; Apple fell 2.5%; Micron, Broadcom fell 2.3%; Alphabet fell 1%.</p><p></p><p class=\"t-img-caption\"><img src=\"https://community-static.tradeup.com/news/b2d40bdb74366797f85483db5d49e3c2\" tg-width=\"380\" tg-height=\"314\"/></p><p>Trump slapped Canada and Mexico with duties of 25% and China with a 10% levy at the weekend, calling them necessary to combat the flow of migrants and fentanyl into the U.S..</p><p>Canada and Mexico immediately vowed retaliatory measures, and China said it would challenge Trump&#39;s levies at the World Trade Organization.</p><p>The tariffs, outlined in three executive orders, are due to take effect at 12:01 a.m. ET (0501 GMT) on Tuesday.</p><p>Trump&#39;s move was the first strike in what could usher in a destructive global trade war and drive a surge in U.S. inflation that would &#34;come even faster and be larger than we initially expected,&#34; said Paul Ashworth of Capital Economics.</p><p>A model gauging the economic impact of Trump&#39;s tariff plan from EY chief economist Greg Daco suggests it would reduce U.S. economic growth by 1.5 percentage points this year, throw Canada and Mexico into recession and usher in &#34;stagflation&#34; at home.</p><p>Barclays strategists previously estimated that the tariffs could create a 2.8% drag on S&amp;P 500 company earnings, including the projected fallout from retaliatory measures from the targeted countries.</p><p></p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AMZN":"亚马逊","META":"Meta Platforms, Inc.","TSLA":"特斯拉","NVDA":"英伟达","AAPL":"苹果","GOOG":"谷歌","MSFT":"微软"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1129833113","content_text":"U.S. stocks plunged in Monday trading after President Donald Trump's tariffs on Canada, Mexico and China triggered fears of a broad trade war and a hit to global growth.Big tech stocks sank in Monday trading. 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