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ASP Isotopes

ASP Isotopes Inc is a pre-commercial stage advanced materials company dedicated to the development of technology and processes that, if successful, will allow for the production of isotopes that may be used in several industries. The company utilizes technology developed in South Africa over the past 20 years to enrich isotopes of elements or molecules with low atomic masses.

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Roth MKM analyst Justin Clare downgrades ESS Tech (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/GWH#NYSE">GWH</a>) from Buy to Neutral and lowers the price target from $17 to $3.

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Roth MKM Downgrades ESS Tech to Neutral, Lowers Price Target to $3

GlobalFoundries Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/GFS#NASDAQ">GFS</a>) shares are <a target="_blank" href="https://www.benzinga.com/movers" rel="noreferrer noopener">trading higher on Tuesday.</a>
indie Semiconductor, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/INDI#NASDAQ">INDI</a>) has announced a strategic collaboration with GlobalFoundries aimed at accelerating <a target="_blank" href="https://www.benzinga.com/pressreleases/25/03/b44107398/indie-semiconductor-and-globalfoundries-announce-strategic-collaboration-to-accelerate-automotive-" rel="noreferrer noopener">the adoption of automotive radar technologies.</a>
The partnership focuses on the development of high-performance radar systems-on-chip for advanced driver assistance systems and related industrial applications.
indie Semiconductor plans to leverage GlobalFoundries&#8217; 22FDX platform to produce radar SoCs targeting both 77 GHz and 120 GHz radar applications.
These technologies are crucial for improving safety features in vehicles, particularly for systems like forward collision warning, automatic emergency braking, blind spot detection and automated parking.
Also Read:<a target="_blank" href="https://www.benzinga.com/markets/equities/25/03/44115876/raising-cash-and-hedges-pay-attention-to-stock-market-support-zone-trumps-speech" rel="noreferrer noopener"> Raising Cash And Hedges, Pay Attention To Stock Market Support Zone Trump&#8217;s Speech</a>
As global vehicle safety regulations and consumer demand for advanced driver assistance systems rise, the adoption of automotive radar is expected to grow significantly, according to a press release.
New vehicles are projected to feature at least four radar sensors, with this number likely to double in next-generation vehicle platforms.
The 77 GHz radar solutions will be used for longer-range detection, helping monitor vehicle surroundings and detect obstacles.
Meanwhile, the 120 GHz solutions are designed for in-cabin applications such as occupant monitoring and vital sign detection, including heartbeat and respiration.
indie&#8217;s radar technology, which integrates analog, digital, RF, power management and memory functions, is powered by GlobalFoundries&#8217; automotive-qualified 22nm silicon-on-insulator process technology.
This collaboration will provide cost-effective, high-performance radar solutions for automotive and industrial mobility applications.
Both companies are committed to driving innovation and achieving market success with these next-generation radar technologies.
According to&nbsp;<a target="_blank" href="https://pro.benzinga.com/?gspk=YWRhbWVja2VydDUzMzY&amp;gsxid=zBMR4PKmcgBw" rel="noreferrer noopener">Benzinga Pro</a>, GFS stock has lost over 31% in the past year. Investors can gain exposure to the stock via&nbsp;Tidal Trust III VistaShares Artificial Intelligence Supercycle ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AIS#NYSE">AIS</a>).
Read Next:
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<li><a href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44116610/investors-shouldnt-run-to-the-hills-over-tariffs-dan-ives-points-to-8-ai-stocks-to-own" target="_blank" rel="noreferrer noopener">Investors Shouldn&#8217;t &#8216;Run To The Hills&#8217; Over Tariffs: Dan Ives Points To 8 AI Stocks &#8216;To Own&#8217;</a></li>
</ul>

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INDI

What's Going On With GlobalFoundries Stock Today?

Real Vision Founder and CEO Raoul Pal on Tuesday forecasted that the current cryptocurrency bull market cycle, initially expected to peak in 2025, may extend into 2026 due to a <a href="https://www.benzinga.com/money/bitcoin-price-prediction">prolonged business cycle</a>.
What Happened: Pal <a href="https://x.com/RaoulGMI/status/1896927355257397484">addressed</a> the chaotic market conditions, providing reassurance to crypto investors navigating sharp volatility and outlining why he believes the cycle's expansion aligns with broader economic indicators.
The seasoned macro analyst emphasized that the business cycle's sluggish pace below the key 50 threshold on the ISM survey—a measure of economic activity—is now showing signs of expansion, pushing out the timeline for the crypto market's peak.
"My view is that the business cycle is taking a long time below 50, it's starting to expand now. 
That has probably extended the cycle into 2026," he stated, noting this shift is not yet a firm prediction but a structural observation based on current data. 
He ties this extension to improving financial conditions, including a weakening U.S. dollar and anticipated lower interest rates, which he expects to fuel risk assets like Bitcoin and altcoins.
Pal highlighted Bitcoin&#8217;s recent retreat from a high of $110,000 to $80,000 and Solana&#8217;s 53% drop as typical volatility within a bull market, urging patience.
He referenced historical patterns, such as the 2017 cycle under Trump's first term, where a similar dollar-driven economic slowdown preceded a massive crypto surge. 
Also Read: <a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44105461/bitcoin-bottom-will-be-70000-at-worst-arthur-hayes-says">Bitcoin Bottom Will Be $70,000 &#8216;At Worst,&#8217; Arthur Hayes Says</a>
Why It Matters: Pal's analysis, backed by Global M2 charts showing money supply growth, suggests that after a choppy period through mid-March, prices could accelerate in April, May, and June 2025, with further upside into 2026.
Pal's framework, dubbed the "don't fuck this up" thesis, advises against leverage and overexposure to small altcoins, advocating for a portfolio anchored by majors like Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>), Ethereum (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/eth/usd">ETH</a>), and Solana (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/sol/usd">SOL</a>). 
He pointed to Solana's oversold status versus Global M2 as a buying opportunity, predicting it will outperform Bitcoin and Ethereum through the cycle's end. 
"Solana should outperform Bitcoin for the rest of this cycle and Ethereum too, with SUI outperforming Solana," he asserted, dismissing claims of its demise amid a meme coin collapse.
Drawing on extensive research from Global Macro Investor, Pal connected crypto's trajectory to macro drivers like the ISM survey, which he expects to climb above 60, potentially pushing Bitcoin past $300,000. 
He also noted forward-looking indicators, such as ISM New Orders Less Inventories rising sharply, signaling economic growth within three months that could lift crypto prices. 
Despite seven 20%+ pullbacks in this cycle yielding 600% returns from the low, Pal stressed resilience, urging investors to "breathe deeply" and await the next phase of the banana zone, now stretched into 2026.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/25/03/44077079/analysts-doubt-us-crypto-reserve-expansion-beyond-bitcoin-cite-funding-challenges">Analysts Doubt US Crypto Reserve Expansion Beyond Bitcoin, Cite Funding Challenges</a></li>
</ul>
Image: Shutterstock

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

$ETH

$SOL

Raoul Pal Predicts Extended Crypto Cycle Into 2026, Bitcoin, Solana Corrections Are Typical Volatility

HC Wainwright &amp; Co. analyst Patrick Trucchio reiterates uniQure (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QURE#NASDAQ">QURE</a>) with a Buy and maintains $70 price target.

Reiteration

QURE

HC Wainwright & Co. Reiterates Buy on uniQure, Maintains $70 Price Target

Citigroup analyst Joanne Wuensch maintains DexCom (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/DXCM#NASDAQ">DXCM</a>) with a Buy and raises the price target from $101 to $104.

DXCM

Citigroup Maintains Buy on DexCom, Raises Price Target to $104

Citigroup analyst Joanne Wuensch maintains Sight Sciences (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SGHT#NASDAQ">SGHT</a>) with a Neutral and lowers the price target from $4.6 to $3.

SGHT

Citigroup Maintains Neutral on Sight Sciences, Lowers Price Target to $3

HC Wainwright &amp; Co. analyst Joseph Pantginis reiterates Capricor Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CAPR#NASDAQ">CAPR</a>) with a Buy and maintains $77 price target.

CAPR

HC Wainwright & Co. Reiterates Buy on Capricor Therapeutics, Maintains $77 Price Target

Hanesbrands's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HBI#NYSE">HBI</a>) short percent of float has fallen 19.05% since its last report. The company recently reported that it has 31.09 million shares sold short, which is 12.15% of all regular shares that are available for trading. Based on its trading volume, it would take traders 3.16 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Hanesbrands Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741108544_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Hanesbrands has declined since its last report. This does not mean that the stock is going to rise in the near-term but traders should be aware that less shares are being shorted.
<h3>Comparing Hanesbrands's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Hanesbrands's peer group average for short interest as a percentage of float is 8.88%, which means the company has more short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

Short Sellers

Short Ideas

Trading Ideas

Looking Into Hanesbrands's Recent Short Interest

Citigroup analyst David Lebowitz maintains Pliant Therapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PLRX#NASDAQ">PLRX</a>) with a Neutral and lowers the price target from $4 to $1.5.

PLRX

Citigroup Maintains Neutral on Pliant Therapeutics, Lowers Price Target to $1.5

Duke Energy's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DUK#NYSE">DUK</a>) short percent of float has risen 10.62% since its last report. The company recently reported that it has 9.61 million shares sold short, which is 1.25% of all regular shares that are available for trading. Based on its trading volume, it would take traders 2.65 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>Duke Energy Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741108538_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for Duke Energy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing Duke Energy's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, Duke Energy's peer group average for short interest as a percentage of float is 2.54%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Is The Market Feeling About Duke Energy?

AvalonBay Communities's (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AVB#NYSE">AVB</a>) short percent of float has risen 11.15% since its last report. The company recently reported that it has 3.38 million shares sold short, which is 3.29% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.75 days to cover their short positions on average.
<h3>Why Short Interest Matters</h3>
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. <a href="https://www.benzinga.com/money/how-to-short-a-stock?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">Short selling</a> is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises.
Short interest is important to track because it can act as an indicator of market sentiment towards a particular stock. An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish.
See Also: <a href="https://www.benzinga.com/short-interest?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">List of the most shorted stocks</a>
<h3>AvalonBay Communities Short Interest Graph (3 Months)</h3>
<img src="https://www.benzinga.com/files/images/story/2025/1741108534_0.png" alt="short_fig" />
As you can see from the chart above the percentage of shares that are sold short for AvalonBay Communities has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted.
<h3>Comparing AvalonBay Communities's Short Interest Against Its Peers</h3>
Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company's peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company's peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis.
According to <a href="https://www.benzinga.com/pro/">Benzinga Pro</a>, AvalonBay Communities's peer group average for short interest as a percentage of float is 3.99%, which means the company has less short interest than most of its peers.
Did you know that increasing short interest can actually be bullish for a stock? <a href="https://www.benzinga.com/money/how-to-make-money-on-a-short-squeeze?adType=benzinga-insights&amp;ad=short-interest&amp;campaign=wallstreetadvantage">This post by Benzinga Money explains how you can profit from it.</a>
This article was generated by Benzinga's automated content engine and was reviewed by an editor.

How Do Investors Really Feel About AvalonBay Communities?

Truist Securities analyst Neal Dingmann downgrades Kimbell Royalty Partners (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/KRP#NYSE">KRP</a>) from Buy to Hold and lowers the price target from $22 to $16.

Truist Securities Downgrades Kimbell Royalty Partners to Hold, Lowers Price Target to $16

AAL,ABNB,ALK,BKNG,CCL,CPA,DAL,GBTG,H,HLT,LIND,MAR,MESA,MGM,NCLH,RCL,RRR,RYAAY,SAVE,TNL,TNLIF,TRIP,UAL,ULCC,VAC,VLRS

WIIM

ABNB

BKNG

GBTG

LIND

MESA

NCLH

RYAAY

SAVEQ

TNLIF

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VLRS

Shares of travel-related companies are trading lower amid market weakness and investor concerns about tariff risks, which may reduce spending towards tourism.

Citigroup analyst Ashwin Shirvaikar maintains Payoneer Global (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PAYO#NASDAQ">PAYO</a>) with a Buy and raises the price target from $14.5 to $16.5.

PAYO

Citigroup Maintains Buy on Payoneer Global, Raises Price Target to $16.5

Natural gas is trading higher amid continued strength, supported by record flows to liquefied natural gas export plants and forecasts indicating stronger-than-expected demand over the next two weeks.

Truist Securities analyst Michael Ciarmoli maintains VSE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/VSEC#NASDAQ">VSEC</a>) with a Buy and raises the price target from $129 to $134.

VSEC

Truist Securities Maintains Buy on VSE, Raises Price Target to $134

Macro Economic Events

Politics

Global

Economics

Premier Of Ontario, Doug Ford Says All U.S.-Based Companies Will Be Banned From Taking Part In Government Procurement; Province Is Ripping Up Contract With Elon Musk's Starlink; If Tariffs Persist, We Will Immediately Apply A 25% Surcharge On The Electricity We Export To New York, Michigan And Minnesota

Truist Securities analyst Joel Fishbein maintains Okta (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/OKTA#NASDAQ">OKTA</a>) with a Hold and raises the price target from $92 to $100.

OKTA

Truist Securities Maintains Hold on Okta, Raises Price Target to $100

Shares of Alcoa Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AA#NYSE">AA</a>) continue to trend lower Tuesday. The stock was trading higher in the pre-market Monday, but the bears ended up overpowering the bulls. By the close, Alcoa <a href="https://www.benzinga.com/government/regulations/25/02/43592144/us-steel-aluminum-stocks-rally-as-trump-revives-25-tariff-plan">had lost almost 6%.</a>
Traders are watching the $28 level for a potential reversal. It has been support in the past. This is why it is our Stock of the Day.
<figure class="wp-block-image size-large"><img loading="lazy" decoding="async" width="1024" height="548" src="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/04120155/aa-chart-1024x548.png" alt="" class="wp-image-808623" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/04120155/aa-chart-1024x548.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/04120155/aa-chart-300x161.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/04120155/aa-chart-768x411.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2025/03/04120155/aa-chart.png 1519w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
The $28 level provided support in early August and early September. As you can see on the chart, a move higher followed each time the shares reached this support level.
It may be about to happen again.
A number of the traders and investors who sold shares around $28 in August regretted their decision when the price moved higher. Some vowed to buy their shares back if they could eventually get them for the same price they were sold at.
Read Also: <a href="https://www.benzinga.com/25/03/44106754/targets-q4-earnings-beat-estimates-warns-consumer-uncertainty-impact-in-q1-profits">Target CEO Cautions Tariffs Will Pressure FY25 Profit, Consumer Uncertainty To Hit Feb Sales</a>
When the stock dropped back to around $28 in September, these remorseful sellers placed buy orders. There were so many of them that it created support at the level again. If the current downtrend reaches that level, Alcoa may find support once more.
There is also a chance another move higher follows.
Support is a price level at which there is a large amount of buy interest. There are at least as many or more shares to be bought than there are to be sold. This is why moves lower pause or halt when they reach support. Sellers can sell as much as they want without lowering the price.
Sometimes, some of the people who want to buy become anxious. They can sense the presence of the other buyers and become concerned they will be willing to pay a higher price. These are the people the sellers would go to.
They decide to increase the prices they are willing to pay so they don't miss out.
Other anxious buyers see this and decide to increase their bid price as well. This could result in a bidding war that forces the stock higher. If Alcoa reaches $28, it may happen again.
Read Next: 
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/03/44110273/trump-tariffs-will-raise-prices-within-days-target-ceo-says">Trump Tariffs Will Raise Prices &#8216;Within Days,&#8217; Target CEO Says</a></li>
</ul>
Photo: Vladimir Mulder/Shutterstock.com

Technicals

Stock Of The Day: Traders Watch Key Reversal Level On Alcoa

Starting Tuesday, U.S. President Donald Trump vowed to impose a 25% tariff on imported goods from Mexico and Canada and to double tariffs on <a target="_blank" href="https://www.benzinga.com/news/global/25/02/44010093/trumps-plan-for-canada-mexico-china-tariffs-to-start-march-4-could-shake-stock-market" rel="noreferrer noopener">those from China to 20%</a>.
Some GDP forecasts have turned negative, and consumer spending unexpectedly fell in January, raising concerns about economic growth. Inflation remains stubborn, with January's Consumer Price Index rising 3%, <a target="_blank" href="https://www.benzinga.com/news/25/03/44092335/trumps-tariffs-threaten-canada-mexico-china-and-american-wallets" rel="noreferrer noopener">exceeding economists' expectations</a>.
Tariffs could push prices even higher since they typically raise costs. Canada, Mexico, and China have warned they will respond with their own tariffs, increasing the risk of a trade war. If inflation stays above the Federal Reserve's 2% target, interest rates may stay high for longer than anticipated.
Also Read: <a target="_blank" href="https://www.benzinga.com/analyst-ratings/analyst-color/25/03/44114754/stock-market-sell-off-history-shows-sp-500-rebounds-after-big-drops" rel="noreferrer noopener">Stock Market Sell-Off: History Shows S&amp;P 500 Rebounds After Big Drops</a>
On Tuesday, Mexican President Claudia Sheinbaum said there was no justification for Trump's 25% tariffs on imports from Mexico and that her government would respond with tariff and non-tariff measures.
"There is no reason, rationale or justification to support this decision that will affect our people and nations &#8230; Nobody wins with this decision,"
Mexico decided to wait until Sunday.
Bloomberg <a target="_blank" href="https://www.bloomberg.com/news/articles/2025-03-04/mexico-s-sheinbaum-to-announce-trump-counter-measures-sunday?srnd=homepage-americas&amp;sref=TBDibEcD" rel="noreferrer noopener">reports</a> that the Mexican peso slumped as much as 1.5% against the U.S. dollar on Tuesday.
Mexico ETFs, iShares MSCI Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/EWW#NYSE">EWW</a>) and Franklin FTSE Mexico ETF (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLMX#NYSE">FLMX</a>) were down 2.47% and 2.73%, respectively.
Trump <a target="_blank" href="https://www.whitehouse.gov/fact-sheets/2025/03/fact-sheet-president-donald-j-trump-proceeds-with-tariffs-on-imports-from-canada-and-mexico/" rel="noreferrer noopener">said</a> Monday that Mexico, Canada, and China haven't done enough to stop fentanyl and its chemicals from reaching the U.S. In response, Sheinbaum said Mexico has worked with the U.S. on migration, security, and drug trafficking efforts.
The Mexican president dismissed the claim as "offensive, baseless, and defamatory," AP News wrote.
She then <a target="_blank" href="https://apnews.com/article/trade-war-mexico-trump-9cefdded035a0b35e700a7ba0bfc34b4" rel="noreferrer noopener">highlighted</a> her administration's efforts against drug cartels, mentioning the seizure of over a ton of fentanyl and the shutdown of 329 meth labs. She also pointed out that Mexico recently extradited 29 cartel members to the U.S.
On Tuesday, China hit back at Trump's recent tariff hikes by placing its own tariffs on certain U.S. goods, sanctioning American companies, and planning to file a complaint with&nbsp;<a target="_blank" href="https://www.benzinga.com/general/health-care/25/03/44110625/us-firm-illumina-faces-setback-as-china-blocks-imports-amid-escalating-trade-war" rel="noreferrer noopener">the World Trade Organization</a>.
Beijing has imposed a 15% tax on American poultry, wheat, corn, and cotton in response to the U.S. doubling tariffs on Chinese products. A 10% tariff will also apply to soybeans, pork, beef, and other food items.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/earnings/25/03/44110273/trump-tariffs-will-raise-prices-within-days-target-ceo-says" target="_blank" rel="noreferrer noopener">Trump Tariffs Will Raise Prices ‘Within Days,' Target CEO Says</a></li>
</ul>
Image via Shutterstock

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