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Asian stocks dipped lower on Friday due to Trump’s tariff uncertainties. Tokyo’s benchmark closed lower than 20% following a Wall Street sell-off. Investors are holding off as they wait for the U.S. Labor Department’s jobs report. At the same time, China has reported slower trade growth between January and February. Exports rose to 2.3%, while imports shrank to 8.4%. In Hong Kong, the Hang Seng Index has reversed its gains from earlier and ended 0.6% lower at 24,231.30. At the same time, the Shanghai Composite shed 0.3% to 3,372.55. Taiwan’s Taiex has dipped 0.6%, while South Korea’s Kospi declined 0.5% to 2,563.48.  Hang Seng Index | Source: Google Finance European stocks seem to have followed lower due to market uncertainty caused by trade tariffs. For instance, Germany’s dax LOST 1.3% to 23,122.3, whereas France’s CAC 40 is down 0.6% to 8149.37.  Trump has already kicked off a trade war by introducing new tariffs on China, Mexico, and Canada. According to a Reuters report, Asian countries, including Thailand, Taiwan, and Vietnam, are heavily exposed to U.S. tariffs.  Trump has vowed to target the pharmaceutical, steel, aluminum, and semiconductor sectors. As a result, these tariffs could affect more than a quarter of exports from countries like the Philippines, Taiwan, Malaysia, Japan, and South Korea. According to Florian Lelpo from the Swiss banking group Lombard Odier, these tariffs are “creating a lot of uncertainty, and that is showing up not only in markets, which have become quite volatile but also in forward-looking leading indicators.” Bitcoin also dipped in response to US reserve news Bitcoin price chart | Source: Coinmarketcap Earlier today, Trump signed an executive order stating that the US government would not use money from American taxpayers to fund its strategic reserve.  Crypto and AI czar David Sacks mentioned in an X…

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Filed under: News - @ March 7, 2025 2:30 pm