r/investing • u/ExtentFuture4133 • 1d ago
China retaliates with 34% tariffs on all US products
At the time of writing this Dow futures are losing 1400 points. Apple is down another 4.77% pre-market to $194, as it has 90% of iPhones assembled in China.
S&P 500 futures are down 3.5% and Nasdaq 100 futures down 4%. Us 10 yr at 3.905%. Vix volatility index spikes to 42.82, highest level since Covid
https://www.cnbc.com/2025/04/03/stock-market-today-live-updates.html
It is going to be an interesting day.
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u/Sumfingwong22 1d ago
Let the dick measuring contest begin.
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u/Watch-Logic 1d ago
China’s exports to the US are something like 14% of total exports so it may hurt but they still have that 86% they can rely on. Of course the situation is much more complicated but I think they have room to one up. At some point things will get bad enough that American people will start protesting and China knows that too
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u/Canucklehead_Esq 1d ago
China is only the crest of the wave. Much worse to come.
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u/Frostivus 1d ago
China is the quickest to respond because they’ve spent 8 years preparing for this since the first round of tarriffs.
All the other countries have been blindsided. Only the EU has the domestic base to react, but they risk alienating their most important security partner.
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u/Sarcasm69 1d ago
Why don’t they just ask chatgpt how to respond?
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u/MrCockingFinally 1d ago
Given how unreliable that security partner currently is, and the fact the only credible threat to the EU currently has its hands full, I see no reason why the EU shouldn't drop the hammer hard.
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u/superurgentcatbox 1d ago
Also unlike the EU they don't need to coordinate between several different governement representatives.
Germany is already going "Aw maybe we can negotiate..."
You can't negotiate with this guy because he doesn't understand business. He thinks a trade deficit is a ripoff just because it's a trade deficit. What sort of deal are they hoping to make here? We gift you cars and instead you lower the tariffs to 15%? Get real.
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u/Useful-ldiot 1d ago
The bigger problem is because we're also pushing tariffs on everyone else, we're setting up a potential isolation. Our partners will go to each other and try to cut us out.
Thankfully the US is still a GDP powerhouse and countries will be forced to trade with us, but it's going to really hurt the end consumer (Americans) for a while because you can't spin up local manufacturing in a quick period. This is probably the beginning of a 5-10 year lull assuming we stay the course and don't try to rekindle these trade alliances.
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u/_Gobulcoque 1d ago
because you can't spin up local manufacturing in a quick period
You can't spin it up if you think tariffs are going to come down in four years time. Suddenly your business will become uncompetitive. Even if you don't think they'll come down in four years time with a change of executive, Trump is so unpredictable, there could be a tariff change tomorrow that makes you uncompetitive overnight.
Why would you invest in manufacturing in the US right now with such unpredictability or inevitability around tariffs?
It doesn't add up.
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u/TerminalObsessions 1d ago
I think that's essential. Even if you hit me in the head with a brick enough times to make me a true believer in tariffs, I'd still tell you that they cannot work under Trump. His defining trait is erratic, knee-jerk reactions. Nobody can have confidence that he won't change his mind in two years, two weeks, or two hours. Who is going to build a goddamn factory on the foundation of his whims?
Relatedly, I believe this is the same reason we haven't seen a one-day catastrophic crash in the markets. Everyone is still hedging their bets. They're selling, but slowly and in bits as bad news keeps coming. The market isn't yet convinced the tariffs will stay, or we'd be down 20%.
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u/Acolyte_of_Swole 1d ago
The complete lack of any solid, long-term, sustainable planning (from Trump) all but ensures no business will invest the 5 or so years to bring a factory here when they could instead just charge higher prices for 4 years and wait for the next president to reverse everything.
The more power Trump gives to the executive branch, the more power there will be for the Dem president who comes after him. Which is not a good thing overall but it does amuse me.
I said elsewhere that Trump's position on tariffs would ironically be much stronger if he actually were a dictator-for-life, because then these other megacorporations would have to play ball to get access to the American market. But the way things are right now, they don't have to at all. They can wait out the pain and they'll feel that pain much less strongly than ordinary citizens will.
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u/Daveinatx 1d ago
Today's products are far more complex than 1950. Even washers can now have IoT connectivity. What this means is that every product has a BOM (Bill of materials) containing subcomponents. Modern supply chain management is global, and needs contracted components for stability. Without that stability, the entire product is at risk.
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u/WingedGundark 1d ago
There is also the fact that even if manufacturing would flow back, the costs of industrial production would be higher in the USA than what it was in a country of cheaper labour. The big benefit of free trade is that it allows economies to specialize and evolve. Things are produced where it is most effective and economies can move to producing more advanced goods and services. This has happened everywhere in the 1st world.
The whole idea of using tariffs to try to wind clock back is incredibly stupid. You practically want to switch the productivity potential of the country from high value products and services to producing lower tier and less specialized stuff that also can be manufactured elsewhere by cheaper and by less educated and trained work force. Even after the migration your cost structure will be much worse compared to those manufacturing countries, so your production costs will be higher than the competitors and you fail to attract export markets. At the same time, your productivity is wasted on this low level manufacturing.
All this means that even in the best scenario, prices will be signifcantly higher, your exports aren’t improving, if not worse, as you gradually lose the edge competing on high value goods and services.
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u/jeffreynya 1d ago
when they talk about manufacturing, what do they really mean? Just Auto, chips or what. If the USA has to build factories to produce every single plastic part or product its just not possible in any meaningful timeline. I can imagine factory's that have to try and build 1000's of different items are not just simple thing to setup. It took decades for some stuff to move away and it will take decades to bring most of it back, it will cost trillions and in that time everyone will just stop trading with us for all but essentials we can only provide, and that list is getting smaller every day.
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u/Acolyte_of_Swole 1d ago
We're putting assloads of tariffs on everything, including things we cannot produce here. There's no thought put into it.
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u/TapSlight5894 1d ago
Its gonna continue to hurt because american labor will remain expensive so the products will be more expensive, the raw materials will be expensive , we dont even have the electricity to support reindustrialization.
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u/Gator1523 1d ago
countries will be forced to trade with us
Will countries be forced to trade with us, or will we be forced to trade with them despite exorbitant tariffs?
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u/w1nn1ng1 1d ago
Not only that, but in theory these are a likely maximum of 3.5 year tariffs. The next president will likely pull back all these tariffs and only leave some legitimate ones in place. Meanwhile, the global market will find ways to deal with the pain outside of the US. While the US consumer is the most powerful in the world, they aren’t a necessity for the majority of countries who could pivot to other nations.
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u/zibdabo 1d ago
American people to start mass protesting...I somewhat skeptic that will happen...
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u/ibluminatus 1d ago
oh I mean the government workers fired have been, tens of thousands of them have been let go and now we've tanked our tourism industry and now we're tanking our economy. What jobs and where are those people going to work? Mortgage defaults, missed car payments, and credit card payments are all going up higher and higher.
This type of train wreck isn't a fast one. It's just a slow roll that will keep wrecking and wrecking and it'll keep reaching more and more and more people. Its just too early to feel the effects of it. I think once the effects are more widespread, since factories and manufacturing will take 5 - 10 years to build up. We'll absolutely see more unrest.
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u/zibdabo 1d ago
I hope your right coz the damage just keeps escalating real, real fast, I mean daily. I feel there's almost 0 presentation of any US protest on reddit.
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u/YoupanicIdont 1d ago
So far the stock market has taken the brunt and it's been about a 2 month period of volatility. We're here on r/investing so we think everyone should be aware that real damage has been and is being done to the US economy.
Probably a majority of the country has either no idea what's going on in the stock market, or thinks it's just rich people losing money. It will become real when prices for everything rise and/or people start losing their jobs.
This is not an overnight process. Recessions and depressions are never one day events - like all bad things just happen and that's it. They roll and everything just keeps getting worse. The 2000-2005 stock market was one rug pull after another.
Everyone knows 1929. Few know that 1932 was when the bottom was put in. The market was up from the October 1929 low in May 1930. There was hope of a quick recovery. It obviously didn't happen. The stock market began to rise from 1932 on (with extreme volatility), but the underlying economy was still very shaky.
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u/mnradiofan 1d ago
Even if you look at 2008, few people know the pain STARTED in 2007 (probably where we are now) wasn't broadly felt until fall of 2008, and we didn't hit bottom until late 2009. From there, it took about 4 yeas just to get back to 2007 levels.
We were probably already on track to feel that same trajectory BEFORE tariffs, if I had to guess by June we'll start to really feel it, and by fall it will become a fever pitch. But that largely depends on how far this escalates before calmer heads prevail. Unfortunately, even if they do now, a recession is baked in as we are now hated around the world, and certain changes (that won't be reversed easily) have already been made (IE Canadian boycotts).
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u/w1nn1ng1 1d ago
We’ve already seen far more protests than previous regimes. Every state capital has protest every other week at this point. As the pain gets felt more and more by average people, it will pick up. Trump is alienating every one in this country besides the rich…that’s not going to go over well.
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u/Acolyte_of_Swole 1d ago
American people have been protesting, and what we've seen from that is any green card holders are hauled off without due process. It's not inconceivable in the future that US citizens will actually be shipped to El Salvador slave labor camps for the crime of protesting. It's been floated already by this administration. The idea that protesting means you are a domestic terrorist and therefore have no rights.
I always see these comments about "why are people not in the streets?" And yet I see so few comments where people put their money where their mouth is. The consequences right now for protesting may very well be higher than they have been since Jim Crow. I don't blame someone who values their life more than their message.
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u/zibdabo 1d ago
I hear you, and that’s totally valid. The risks are real, and they’re escalating. Yeah I think we can agree it’s only going to get worse from here unless something shifts. It’s a tough reality, and I don’t fault anyone for prioritizing their safety. But at the same time, it’s terrifying to think about how far things could go unchecked."
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u/Daveinatx 1d ago
Outside of tariffs, worldwide sentiment against US products is going to hurt us for the next decade.
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u/Negative-General-540 1d ago
14% direct export, there are also a sizable portion where they ship to third countries like vietnam and Mexico to reroute to the US to take advantage of NAFTA and avoid Trump 1 tariffs. In totality export to the US is probably considerably higher than 14%. Not that it changes your point much.
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u/shwarma_heaven 1d ago edited 1d ago
According to Kevin Hasset, "Trade surplus countries typically lose tariffs wars"...
Look in your office, on your desk if you are at it right now, and try to find one single thing that is "Made in America"... Shit is gonna get stupid.
If anyone could lose what is "typically won" it is Donald Trump.
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u/No-Positive-8871 1d ago
What's also interesting is that currently the US is dominant with services, specifically digital services. As someone working in the field I believe those are much easier to replace than real production. We've already seen this in various countries with chat app bans, tiktok bans, etc. There's a good chance we'll see those taxed in Europe after the first round of negotiations fails. Considering the insane % the magnificent 7 represent in the SP500, that would be a hard blow to the US.
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u/mk2-0 1d ago
People don't shop at KMart and Sears anymore. Amazon can find anything you want at a competitive price and deliver to your front door tomorrow. Stores and supply chains have become a commodity that is operated by the digital services industry. We are supposed to have people making decisions who understand these concepts, instead of the old guy crying for good ole days
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u/takesthebiscuit 1d ago
Jeez America don’t put Trump up as your contender
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u/chatterwrack 1d ago
This is probably the only thing with a chance to break the spell. People vote with their wallets and this won’t survive past the 4 years it would take for domestic manufacturing to get up and running. Americans have an easy time inflicting pain upon others but have very little tolerance for enduring it themselves.
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u/Solid-Market7546 1d ago
We are notoriously critical of our foreign actions as well going back to WWI. 2026 is going to be a 60+ seat swing at minimum at this rate
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u/moldyjellybean 1d ago edited 1d ago
So far I’ve heard hard goods tariffs. When the tariffs start on services, MSFT, AMZN, GOOGL, META, NLFX are probably going to be a real ride.
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u/Vauthry 1d ago
This isn’t some casino game, some countries aren’t afraid of us. I’m guessing China is just the first
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u/Geekenstein 1d ago
Well luckily, Trump is great at running casinos.
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u/qix96 1d ago
When do we get to declare bankruptcy and just reset everything?
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u/Geekenstein 1d ago
Don’t give him ideas. He might decide we should default on the debt. That’ll get rid of it quick!
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u/D0nk3yD0ngD0ug 1d ago
Yeah, wait until the EU responds in kind. Hold onto your butts.
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u/HashTagWin2day 1d ago
EU will respond with ACI. Going to be targeted vs US services. It's a longer process though, we are too bureaucratic to respond instanly but it's in the works already.
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u/advester 1d ago
Interesting, gemini says the Anti-Coercion Instrument includes the ability to void intellectual property rights. I actually did wonder if the US would be hit with that since IP is the main product the US creates. On the plus side, we'd probably respond by stealing your drug patents, making drugs much cheaper for Americans.
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u/HashTagWin2day 19h ago
It has a lot of possibilities for sure, but if I would have to take a guess I would say that the missile will be about storing personal data of EU citizens outside of EU. So basically it would force a lot of companies like Google and Facebook to store their data in EU by building data centers here or increasing their existing ones. That will very likely be one of the upcoming issues.
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u/gantousaboutraad 1d ago
Bullies only lose when you punch back and come with friends. Even Canada (Carney) has showed some real toughness and it completely changed the tone from the US. No more 'Governor this and that', and seemingly spared from any escalation in tariffs with regard to auto sector and these new additional ones.
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u/QueueLazarus 1d ago
Even Canada? Shit man, there's like 10 million Canadian men ready to dance. No one is scared.
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u/CoolLordL21 1d ago
After the tariffs were announced, I figured retaliatory tariffs would be factored in since they always happen. Seems as though they were not -- an under 5% drop in the S&P yesterday did seem a bit low.
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u/th3tavv3ga 1d ago
Because the tariff is so dumb I think people are still hoping some kind of agreement will be reached
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u/Sad-Following1899 1d ago
At this point I think people are pissed enough at the US that they will start to trade around it. This is completely unacceptable from an international relations standpoint.
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u/supercommonerssssss 1d ago
Yeah, he is making everybody hate the US.
People across the world will begin boycotting American goods and travel in a way that won’t end when the tariffs are lifted.
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u/wotisnotrigged 1d ago
It's already started big time in Canada.
You're idiotic president disrespected our entire country and threatened our sovereignty.
This is very personal.
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u/ph1shstyx 1d ago
Weren't conservatives lining up to get the canadian government as well, until trump went all trump and it ended up shifting to the liberals because of how pissed off your citizens were?
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u/wotisnotrigged 1d ago edited 1d ago
The election isn't over but yea it's the largest electoral support swing in Canadian history.
There was talk of the liberals being so unpopular that they'd lose official party status. Carney read the room and put all his chips on defend Canada against Trump and he is now 7 points ahead.
There is only one election issue in Canada right now.
It's the most astonishing political thing I've ever seen in Canada. I grew up just outside the capital of Ottawa and am a big follower of politics.
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u/omgpuppiesarecute 1d ago edited 1d ago
The great recession wasnt a sudden drop (though it did have some big drops). It was months and months of red days and horrible news, with some really bad days sprinkled in. It just kept dropping and people just kept hurting more. For months, years even if you consider the real estate collapse leading up to it. Just constant bad news, seeing all the houses around you go up for sale, seeing neighbors losing everything, waves of college kids being unable to land jobs and being unable to shoulder high interest rates.
The good lesson for folks who want to buy in and try catching falling knives. Pace yourself. This is a marathon not a sprint. This is the market DCA excels at. Put crudely, "don't blow your load at once." Focus on covering your basic needs and staying employed, and just keep investing at intervals.
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u/blerpblerp2024 1d ago
I worked with a person who sold her investments at the bottom in 2002 and 2009. Hopefully she finally matured and learned from her mistakes. Otherwise she’s going to be working till she’s 80.
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u/FaultySage 1d ago
The corrolary to "The Market can remain irrational longer than you can remain solvent" is "The market is always irrational"
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u/trogdor1234 1d ago
Nobody is pricing in nearly anything. People are still acting like this is all the drop is going to be.
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u/Chemical_Signal2753 1d ago
The "fun" part is the tariffs act as a stress test on the entire economy and we don't know where it is going to fail. There are likely export focused industries that depend on importing raw materials that these tariffs are going to kill.
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u/irazzleandazzle 1d ago
This shouldn't suprise anyone, and I'd expect even more tariffs from other countries as well to be placed on the US.
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u/Moifaso 1d ago
I would stay away from internet/social media stocks. It's highly likely that the EU will respond in large part by targeting American services/IT stuff.
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u/soapinmouth 1d ago
I would think that they would try to something that damages with a red states more.
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u/Seymoorebutts 1d ago
The rest of Asia and the EU need to rip the fucking bandaid off and decimate our trade.
The sooner your average American wakes up to the fact that Trump and Republicans have just fucked us for a generation, the sooner we can begin to remove and rebuild.
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u/r_ugly2 1d ago
The dealmaker-in-chief should have known that without trust there can be no deal.
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u/chuckrabbit 1d ago
He’s running the country exactly like his businesses. He’s going to bankrupt the country and then not live long enough to see the damage.
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u/chrisk9 1d ago
Trump only knows about hostile takeovers which don't involve trust where he can bully and use shock tactics. He doesn't believe in win-win scenarios that true partnerships are made. He is not the stable genius that so many Americans believe.
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u/SkiingAway 1d ago
Even that's giving him too much credit, IMO.
He mostly knows about bullying small-time contractors/vendors he's hired who can't take the hit to fight it in court when he breaks contract and unilaterally changes the terms/refuses to pay.
Executing a hostile takeover of another sizable business well would require a lot more competence than he's ever demonstrated.
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u/technak 1d ago
Just remember that means South Korea and Japan or up next
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u/Leroy--Brown 1d ago
There will be an Asian coalition response soon. And later an EU and Nordic countries will unify with their retaliatory responses as well.
It's Just the beginning
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u/superurgentcatbox 1d ago
I can't wait for Switzerland's response. Their conservatives were constantly gleefully reminding Trump that Switzerland isn't part of the EU, we can make the bestest deal there ever was... and then they got higher tariffs than the EU lmao.
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u/Jujubatron 1d ago
Trade wars make everyone poorer. The morons who loved the idea of tariffs enjoy!
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u/Punty-chan 23h ago
The icing on the cake is that the tariffs are mathematically structured to hurt the US more than their counterparty.
So everyone will be poorer but there's small comfort in knowing that the US will be poorer-er.
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u/bulletinyoursocks 1d ago
For those panicking, make sure to sell now and rebuy when we are back at the top. Remember: buy high, sell low.
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u/BuffaloFlavored 1d ago
This. It's embarrassing buying cheap stocks. I like to buy those luxury stocks.
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u/Evil_Patriarch 1d ago
This is basically what I did during/following the covid crash, so I told myself never again. I would stop trying to time the market or predict moves, just hold until retirement.
That's what led to my decision not to sell back in mid February when I was really, really tempted to do it.
Having an extremely hard time convincing myself I made the right decision at this point.
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u/floppyfolds 1d ago
Hey man, when the United States points the gun at its own head, it's a different story. Just my thoughts.
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u/Insciuspetra 1d ago
So..
The whole planet has decided to pay more for everything.
~
I use to think we were half an evolutionarily step ahead of chimpanzees.
Now, I am not so sure.
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u/Lazy-Industry2136 1d ago
Not the whole planet - one group of malignant narcissists
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u/MrG 1d ago
A ton of people voted for Trump, or didn’t vote. I’m still completely dumbfounded by that. In 2016, ok I guess. Again in 2024? Are you out of your mind?
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u/Infidel8 1d ago
I think this isn't purely about economics, but also about punishing Trump's bad behavior.
If a country behaves this egregiously and faces no costs, they are more likely to do it again.
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u/Canucklehead_Esq 1d ago
Not the whole planet, just the US. The US isolationism will bankrupt its economy. The rest of the world will recover
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u/Misinformed_user 1d ago
Brexit happened, bolsanaro happened, Javier milei happened, the EU isn’t doing so dandy, this is a worldwide issue right now
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u/Canucklehead_Esq 1d ago
I beg to differ. Tge world's biggest economy pulling itself out of the global trade market will certainly have broad ranging impacts, but it will recover as new trade agreements and supply chains are rebuilt to bypass the US. What won't recover is the US.
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u/Gerasik 1d ago
This is how money is devalued. Over time we are paid more, then the same product increases in price due to no reason other than uncle Sam asking for more money for letting us buy these things, gold goes up. Gold hedges against this inflation, allowing us to buy the same things for the same amount of gold, but not the same amount of fiat.
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u/KaleidoscopeStreet58 1d ago
Ummm, for example, Canada wouldn't play tariffs for Chinese imported goods, nor would China pay tariffs on Canadian goods.
People are only putting tariffs on AMERICAN goods, so this might be shocking, but they aren't the whole world.
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u/vapid_gorgeous 1d ago
A shift in power can usually be pointed to a single, causal event. This may be that event.
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u/Saw_a_4ftBeaver 1d ago
I feel sorry for the farmers that didn't vote for Trump.
The ones that did, well we tried to tell you. Sorry about the farm.
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u/shivaswrath 1d ago
This will be worse than the pandemic.
This is a repeat of the Hoovers idiocy. Smooth Hawley will look like a joke compared to this...
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u/meliseo 1d ago
Covid was a shock that was meant to recover as soon as the world went back to normal, worldwide. This is US against the world. If the countries rearrange their trade agreements without the US, they might really lose this battle.
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u/iiAmTheGoldenGod 1d ago
And a MUCH slower recovery too. This is likely to make American companies structurally less profitable.
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u/jacksawild 1d ago
recovery? They will be at the mercy of the world, good thing they spent their time at the top making friends.
Oh wait.
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u/sschroed1969 1d ago
Going to be an interesting day??? We have just under 4 years of this nonsense to go. Better pace yourself.
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u/ThaddeusJP 1d ago
The end result of this is going to be the world realizing that they can all get together and do just fine without the United States and we are going to be screwed for the next two decades
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u/ArkamaZero 1d ago
Millennials in the US have been screwed since 2008. At this point, taking it in the ass from boomers and gen-xers is par for the course. They'd rather burn this country to the ground than let us have a seat at the table. I feel for gen-z.
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u/GhostEntropy 1d ago
Two months into Trumps term and US capital markets are uninvestable. Great job.
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u/pixel_of_moral_decay 1d ago
What a moron.
China has a lot of customers, they won’t feel this that much.
The US has one majority import partner.. we will feel it.
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u/burnt_out_dev 1d ago
I just said fuck it and profit took from the Biden era. Closed all my non-retirement investments. Time to setup a DCA plan into the broader indexes.
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u/BANKSLAVE01 1d ago
What happened to all that "China can't live without us" talk???
I sure wish I could've recorded some fools who now would deny ever saying that.
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u/Jack_Riley555 1d ago
The longer this goes, the longer it will take to recover, if it ever does. For those of you who are familiar with tensile testing, when you keep putting forces on either end of the metal test sample you eventually reach a point where the sample fractures. That's likely to happen here. Republicans are destroying the global economy.
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u/DocMicStuffeens 1d ago edited 1d ago
Rates will now go down, dolar will weaken. US will refinance debt. Will see what the long term holds.
As of this am market now pricing in 5 rate cuts
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u/PDZef 1d ago
This is why you don't play chicken blindly. It's clear that the US needs Chinese goods more than China needs US goods. I understand that we can make stuff in the US and be more self reliant, but those kind of changes take decades to grow. So this whole idea of shocking the system to force it is dangerous. In the attempt to make the US more self reliant, many people will literally lose everything they own or worse in a fight for resources. There's plenty of ways to get serious without being a fucking moron puppet.
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u/tocookornottocook 1d ago
1 group of narcissists are going to dump the world markets, make millions lose billions on their stock value, elongating time to retirement, put costs up across the board, push millions into poverty, and people starve. And when you all kick off in the streets they’re going to imprison, dox and litigate you do the breadline. This will lead to war unless they are pressured to stop, and if war comes you can wave goodbye to the USD reserve and with it most American stock
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u/wheelsonhell 1d ago
He said he would stop inflation. I guess this is one way to do it.
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u/boredgmr1 1d ago
Is this sarcasm? Inflation will almost certainly spike because of this.
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u/ladbom 1d ago
Not if we go into a recession first baby
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u/felixthecatmeow 1d ago
Why not both?
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u/Canucklehead_Esq 1d ago
For the first time in 50 years 'stagflation' is being spoken. For the younger set, that's increasing inflation in a stagnant economy. In this case the word does not specifically apply as the US is possibly looking at Depression plus inflation. May need a new word gor that. Magflation? Trumpflation?
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u/Alone-in-a-crowd-1 1d ago
If Trump doubles down with more tariffs on China - the world is fucked and the markets will crumble.
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u/CrackHeadRodeo 1d ago edited 1d ago
He needs to declare a win and remove some of these punitive tariffs. We are headed to the cliff.
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u/SolutionWarm6576 1d ago
Also, many companies won’t move back here because of the politically instability right. Doubt they’re are going to move back here and invest billions of dollars in manufacturing plants.
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u/Nathan2002NC 1d ago
And the tariffs have a clear shelf life. They might end on 1/20/2029 w a new president, might end next week after mentally unstable Trump changes his mind. But they will end at some point so you might as well just wait them out for now.
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u/Googgodno 1d ago
won’t move back here because
the economy tanks and there is no RoI from any capital investment.
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u/PerformerDiligent937 1d ago
WOW! This is actually the first country that has done full dollar for dollar tariffs. Even with Canada it more a tough posture but the actual proposed retaliation was very targeted and limited on select products and industries.
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u/razpotim 1d ago
Back to back -4% days?
This ain't your average pullback holy fk.