Trump turns again! Postponing tariffs on some Mexican products, Nvidia plummets 5.7%, US stocks plunge, policy reversals hit investment confidence.

Trump once again staged a policy "hairpin turn", further weakening market confidence. The US market experienced a big dump, with tech stocks plummeting, and the AI industry particularly hard hit. Despite a temporary exemption for the automotive industry in the short term, uncertainty looms after April 2. (Background: Legally speaking, what are the hidden concerns of Trump establishing a BTC reserve? Can the next president overturn executive orders?) (Further background: Trump ordered the "sale of 200,000 confiscated BTC" to alleviate a potential selling pressure of $17 billion, causing BTC to rise to 88,000) US President Trump once again staged a "tariff hairpin turn," just two days after announcing a 25% tariff on Canadian and Mexican goods as scheduled, he changed his mind again, deciding to temporarily exempt goods within the USMCA (US-Mexico-Canada Agreement) until April 2. The erratic policy caught the market off guard and escalated investor risk aversion, causing a full market fall on the 6th, with the Dow Jones index plunging 427 points in a single day, and tech stocks suffering even more severely. Trump's tariff U-turn, Canada and Mexico temporarily exempted. On the 6th, Trump signed an executive order announcing a temporary exemption for goods from Canada and Mexico that meet USMCA standards from the originally planned 25% tariffs, lasting until April 2. White House officials pointed out that this decision was made after discussions between Trump and Mexican President Claudia Sheinbaum, Canadian Prime Minister Justin Trudeau, and senior members of the automotive industry, mainly considering the impact on the North American supply chain, Trump decided to temporarily exempt tariffs. Although automakers breathed a sigh of relief temporarily, Trump made it clear that this exemption is only a "temporary measure" and will not be extended after April 2. Trump stated: I'm not following the market at all. Foreign countries are "exploiting us," and tariffs will help the US stand firm. The White House estimates that 62% of goods imported from Canada to the US will be subject to tariffs, with most energy products taxed at 10%, while half of the goods imported from Mexico will be taxed. However, a White House official said that importers eager to comply with the new USMCA regulations may change these rates. Market skepticism, full market fall. The market is concerned about the uncertainty of Trump's policies, coupled with weak performance of tech stocks, resulting in a full market decline on the 6th: Dow Jones fell 427.51 points (-0.99%) to close at 42,579.08 points S&P 500 fell 104.11 points (-1.78%) to close at 5,738.52 points Nasdaq fell 483.48 points (-2.61%) to close at 18,069.26 points, entering a technical correction zone Philadelphia Semiconductor Index experienced a big dump of 4.53%, closing at 4,487.85 points Tech stocks took a heavy hit, with AI concept stocks falling particularly hard. Nvidia experienced a single-day big dump of 5.74%, becoming the stock with the largest decline in the Dow Jones index; Marvell Technology plummeted nearly 20% due to poor financial estimates; Micron and Broadcom fell by 5.37% and 6.33% respectively. Pressure increases on Canadian and Mexican business communities. Especially for the automotive industry highly dependent on the supply chain, intensive lobbying has begun in the hope of obtaining a longer exemption. Mexican President Claudia Sheinbaum emphasized to Trump at a press conference that Mexico has made progress in combating fentanyl smuggling and warned that if the US insists on imposing tariffs, Mexico will have to take countermeasures. Canada chose to postpone the second round of retaliatory tariffs but maintained tariffs on US goods worth about $20.9 billion. Related Reports: Legally speaking, what are the hidden concerns of Trump establishing a BTC reserve? Can the next president overturn executive orders? Trump orders the "sale of 200,000 confiscated BTC" to alleviate a potential selling pressure of $17 billion, causing BTC to rise to 88,000. Major news! Trump signs executive order to "establish BTC reserves." BTC drops to $85,000, why no rise but fall? <Trump turns again! Postpones tariffs on some goods from Canada and Mexico, Nvidia plummets 5.7%, US market big dump, policy changes hit investment confidence> This article was first published on BlockTempo, the most influential blockchain news media in the blockchain sector.