All three major U.S. equity indices finished lower for February with the Nasdaq Composite and the small cap focused Russell 2000 turning negative for the year. Uncertainties surrounding the timing and scope of President Trump’s tariff plans and weakening growth prospects greatly intensifying market volatility. Barring a last-minute reversal, the U.S. will impose 25% tariffs on all imports from Canada and Mexico on Tuesday, March 4 except for 10% tariffs on Canadian oil. A further 10% levy on Chinese goods was also announced.