US stock indices dropped sharply on Friday after President Donald Trump signaled the possibility of a “massive hike” in tariffs on Chinese goods. The announcement sparked renewed fears of a trade war escalation, hitting technology giants such as AMD, Nvidia, and Tesla.
Meanwhile, shares of rare earth and strategic materials companies, including MP Materials, jumped by 12% as market participants anticipate increased demand for these critical resources. Analysts note that such geopolitical developments can also indirectly impact crypto markets, with investors often seeking digital assets as a hedge against traditional market volatility.
