📈 Farmers are worried

Plus: US Dollar keeps dropping

Author

Journals GG
March 05, 2025

Good Morning!

Tariffs are shaking up everything from Wall Street to your grocery bill, while Trump preps markets for a “little disturbance” in his first address to Congress. Meanwhile, BlackRock snaps up Panama Canal ports, farmers brace for impact, and investors worry about recession risks.

Grab your cappuccino and let's get into it! ☕️👇️

Markets

📊 Trump preps markets for 'a little disturbance' during first address to Congress
In a bold 90-minute address to Congress, Donald Trump doubled down on tariffs, praised Elon Musk’s DOGE push, and vowed to scrap Biden’s chips subsidy law while promising to ramp up rare earth mineral exploration in the U.S. Acknowledging potential economic turbulence, he admitted, “There’ll be a little disturbance, but we’re OK with that.”

With markets rattled, the S&P 500 hitting its lowest since his election, Trump’s speech came at a critical moment for investors.

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📉 Stocks Close Lower as Tariffs and Recession Concerns arise
Stocks tumbled Tuesday, with the Dow dropping 1.6%, the S&P 500 falling 1.2%, and the Nasdaq slipping 0.4%, as Wall Street reacted to new U.S. tariffs on key trade partners, erasing all post-election gains and fueling concerns over economic stability.

Overnight, the U.S. imposed 25% tariffs on Canada and Mexico while doubling duties on Chinese imports, prompting swift retaliation from Beijing and Ottawa, with Mexico planning its own response Sunday.

The White House insists tariffs will boost U.S. jobs, but investors fear inflation, slowing growth, and global fallout.

🌊 Hong Kong firm sells Panama Canal ports to BlackRock
A BlackRock-led consortium sealed a $22.8 billion deal to acquire two major Panama Canal ports from a Hong Kong-based firm, amid pressure from Trump over alleged Chinese influence in the crucial trade route.

🇺🇸 American farmers are starting to worry
With foreign markets at risk, American farmers brace for impact as Trump’s trade war threatens U.S. agricultural exports. The $1.5 trillion ag industry faces not only shrinking demand but also rising costs for imported goods, adding pressure to an already volatile sector.

🫘 How Tariffs on Chinese Goods Could Affect Your Grocery Bill
While most focus on electronics trade, Trump’s tariffs on Chinese goods could make everyday groceries more expensive, hitting items like garlic, apple juice, and honey. With food imports facing higher costs, shoppers may soon feel the impact at checkout. Here are the foods that are most likely to be impacted.

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