On March 10, 2025, the US stock market experienced the most severe volatility during Trump’s second term. The Dow Jones Industrial Average fell 890 points, a decrease of 2.08%; The S&P 500 index plummeted by 2.7%, with a daily market value evaporation of over $4 trillion; The Nasdaq Composite Index plummeted by 4%, marking its largest single day decline in two and a half years. Technology stocks have become the hardest hit areas, with Tesla’s market value evaporating by $130 billion overnight, and the “seven giants” such as Apple and Nvidia collectively falling by more than 4%.

美國總統特朗普於週二（3月4日），宣佈對加拿大、墨西哥輸美商品全面加征25%附加關稅生效，覆蓋汽車零部件、農產品及能源產品等關鍵領域，涉及年貿易額達3870億美元。 受此衝擊，墨西哥比索匯率暴跌5.7%至1994年貨幣危機以來新低，美債收益率曲線倒掛加深至-0.37%，現貨黃金單日暴漲30美元觸及2894.9美元/盎司。