U.S. stocks rise across the board! "Global Import Tariffs" will officially take effect

【Dah He Caili Fang News】As of local time on March 4, all three major U.S. stock indexes closed higher. The Nasdaq rose 1.29%, the S&P 500 Index rose 0.78%, and the Dow rose 0.49%.

Most large-cap technology stocks rose. The WanDe U.S. Technology Seven Index rose 1.13%. Amazon rose 3.88%, Tesla rose 3.44%, and Nvidia rose 1.66%. Most semiconductor stocks rose: Advanced Micro Devices rose nearly 6%, Intel and Micron Technology rose more than 5%, and ASML rose more than 2%.

U.S. stock crypto-related concept stocks surged across the board. Coinbase rose more than 14%, Strategy rose more than 10%, Figure rose more than 7%, and Circle rose more than 5%. Moderna soared 16%. The company reached a settlement with Genevant and Arbutus, resolving patent litigation over core technology for its COVID-19 vaccine—freeing it from legal shadow and leading investors to look favorably on its cancer vaccine prospects.

In addition, most popular China concept stocks rose. The Nasdaq China Golden Dragon Index rose 0.8%. eKuike Technology rose more than 12%, ZaiDing Medical rose more than 8%, and Niu Power rose more than 7%.

Spot gold and silver rose slightly. As of the time of publication, spot gold in London was quoted at 5152.06 dollars per troy ounce, up 0.62%; spot silver in London was quoted at 83.5 dollars per troy ounce, up 0.04%.

According to CCTV News, at local time on March 4, U.S. Treasury Secretary Scott Bessent said that the new 15% “global import tariff” is expected to officially take effect at some point during this week.

Bessent said that this new tariff rate was decided and implemented by U.S. President Trump last month.

On February 20, the U.S. Supreme Court ruled that the large-scale tariff measures implemented by the Trump administration under the International Emergency Economic Powers Act lacked clear legal authorization. On the same day, the U.S. Supreme Court’s justices upheld the lower court’s ruling by a vote of 6 to 3, determining that Trump’s use of the International Emergency Economic Powers Act to implement tariff policies went beyond his statutory authority. The Supreme Court reached this conclusion in lawsuits filed by businesses and in 12 U.S. states. These businesses and states argued that Trump’s practice of unilaterally imposing import taxes on the basis of this law was unprecedented.

After the ruling was announced, on February 20, Trump switched to relying on Section 122 of the Trade Act of 1974 and announced an additional “global import tariff,” with a rate of 10% for 150 days, to replace the tariffs that the Supreme Court had deemed unlawful. Then on the 21st, U.S. President Trump again posted on his social platform “Truth Social,” saying he would raise the tariff rate level for imposing a 10% import tariff on global goods to 15%.

Editor: Wang Shidan | Review: Li Zhen | Supervision: Gu Qin