r/investing • u/ExtentFuture4133 • 2d 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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446

u/Downtherabbithole14 2d ago

I fucking hate him

101

u/guyhersh 2d ago

Literally despise the man - 1 man fucking 8 billion people over his uneducated ego.

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u/Downtherabbithole14 2d ago

It's maddening.... and I feel so helpless.  Yes, protest, yes, call your congressman, but I feel like I'm screaming into a goddamn void. Who is listening to the people? 

Trump doesn't care about the well being of the people who help run the country. Trump and cronies are proof of what happens when the wrong person is in power. It's being run by a bunch of rich men, and throwing their billions and millions to hush hush everyone. 

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u/Karnbot13 2d ago

Don't get down, keep screaming, even if you feel it's just into the void. Don't accept this as normal, keep helping others that got knocked down and keep putting sand into the gears of this fascist machine. It will break.

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u/blerpblerp2024 2d ago

Don’t just call your Congress member. Call any of them that might possibly wake up before the roof crashes in. If you call the DC offices after hours, no one will answer so you don’t need to provide your name and address to leave a comment. I called about 12 senators on another issue last week and I think only answering message said you needed to leave your name and number (except if you wanted a call back). So your phone call will still be counted even if you’re not in their state or district. And that’s as it should be, because our members of Congress don’t just represent the literal constituents who voted them in. They work on behalf of all American citizens.

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u/guyhersh 2d ago

One day, even if years from now, we’re going to wake up to the news of passing. With his age probably within 10 years. Can imagine how good it’s going to feel?

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u/IfeedI 2d ago

No. Because he never saw any consequences for his actions. He will live the rest of his days getting away with every bad thing he did in his life. In fact, rewarded for it. There is no justice in this world.

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u/Normal_Meat_8160 2d ago

There’s a reason your founding fathers added the right to bear arms to your constitution

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u/SmecticEntropy 2d ago

I'll do a happy dance when the obesity and hamberders finally do their thing on that odious asshole. In the meantime, join a protest this weekend - there are 1100 across the country, so likely one near you: About — Hands Off!

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u/Pessimist001 2d ago edited 2d ago

The country voted for him to do the job. It's american's fault. They wanted him.

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u/veryunwisedecisions 2d ago

Eh, more like 330 million, at least for the time being.

Remember there's poor countries with already kind of isolated economies, so tariffs don't really affect them much.

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u/Seeker_Of_Toiletries 2d ago

I just hope Americans learn not to trust republicans ever again on the economy.

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u/AFWUSA 2d ago

lol, this country is too stupid to ever learn any lessons. My idiot Trumper friends are still “We were overdue for a recession” coping. It’s fucking lunacy.

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u/Notbuiltdifferent 2d ago

Overdue for a recession? I thought we were just in a recession for the last four years?

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u/parkingviolation212 2d ago

It’s double plus ungood. Recession during democrat economy=bad. Recession during Trump economy= good.

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u/nietzsche_niche 2d ago

Everythings recession

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u/Warthog_Orgy_Fart 2d ago

Exactly. One single person is going to cause a recession. We weren’t “due for a recession”. We’d probably be at ATH right now if it weren’t for this fuck being in office.

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u/Acolyte_of_Swole 2d ago

What we are overdue for is universal health care.

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u/anewbys83 2d ago

Which is hilarious since the fed under Biden managed to shepherd us through inflation with a soft landing. But now we're being tanked for no logical reason. WTF.

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u/007meow 2d ago

Do we ever learn?

Look over there! Someone that might be trans is drinking coffee! Vote for us and we’ll ban it!

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u/strike2867 2d ago

Look over there! A brown skinned child is studying! Vote for us and we'll ban it!

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u/Krunklock 2d ago

Tanking our economy is worth not letting 8 trans kids participate in sports! Have you no morals?!?

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u/nietzsche_niche 2d ago

“Im happy to pay $5000 more in taxes buying my cheap treats from Walmart and Bass Pro as long as I know trans people arent peeing and pooping in the ‘wrong’ bathroom”

Toilet ass people

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u/SargeUnited 2d ago

It’s kind of unbelievable, but when you put it like that, I almost support it. If we can pay the deficit with only the worst people‘s money, then I don’t know.

It’s a shame it’s affecting the rest of us

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u/CUDAcores89 2d ago

Ban the trans people, the coffee, Trans people who drink coffee, or all of the above?

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u/advester 2d ago

I always pick C on multiple choice.

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u/substandardgaussian 2d ago

The tariffs might actually ban coffee for some households.

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u/ShinobiOnestrike 1d ago

Nice redirect. Didn't know drinking coffee was a women's sporting competition.

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u/007meow 1d ago

Ok sure women’s sports.

Now the bans are there yay. What did that solve?

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u/KaboomOxyCln 2d ago

Lol we'll forget by 2032. Every single Republican president in the last 100 years has tanked the economy and we keep electing these jokers

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u/releasetheshutter 2d ago

This one is so obvious and clear that anyone defending it is so far up their own fucking ass they'll never see straight.

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u/Downtherabbithole14 2d ago

I never trusted Republicans. Republicans only care about THEIR own pocket

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u/Plane_Put8538 2d ago

It might be because I'm an outsider (not American nor live in USA) but it seems they really do care what is in your pocket, as they feel it should be in their pocket. All of it. They are doing a pretty good job of trying to take it all from your pocket to put in their pocket.

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u/Downtherabbithole14 2d ago

No they do not. In the US, especially right now - it's become you are either rich or poor. There is no more middle class. Everyone is being squeezed. People can't buy homes bc interest rates are the highest they've ever been, and home prices are high. I was priced out of my home state, so I moved 2 states over. 

We have income tax, then we go to the store. And we pay sales tax for whatever we buy. You own a home, you have property tax. Even after you pay off the mortgage  you pay that property tax for the rest of your life. Oh and the best part, at the end of the year we have to file our taxes to make sure that we paid enough taxes throughout the year. And if we didn't, you get a big fat tax bill. But the super mega rich? And corporations! Somehow they don't have to pay as much?! But sure let's squeeze the people that make America run. Life shouldn't be this hard and expensive

Let's not forget about Health insurance- it's a joke here, I'm sure you know that. Women's rights and Healthcare is under serious attack. It's a fucking nightmare. At one point, people who didn't have health insurance (bc they couldn't afford it) used to be penalized for not having health insurancr!! One of the best parts about Healthcare here is that you can have insurance, you go to the hospital which is in network (meaning they accept your insurance carrier) but the doctor in the hospital is out of network - your health insurance won't cover the bill for that doctor! So you get a big fat bill for that doctor). It's truly criminal. 

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u/Plane_Put8538 1d ago

I get all that. We have that too. It just seems like they really do care about what is in your pocket since they feel entitled to it. Your healthcare system is such an example of how they feel about regular people. Only the rich should have healthcare. Everyone else is on their own. For the supposed most powerful nation on earth, they certainly do not give the impression they care about their regular citizens.

I'm really sorry you're going through all this. Your president has threatened to annex my country and our sovereignty. We aren't happy about that.

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u/Downtherabbithole14 1d ago

Neither are we. I didn't vote for him. I'm angry at the people who did and the people who didn't vote at all. He thinks he can just go around and bully people to do what he wants, threaten them....this is NOT the American way. 

And I'm getting sick of hearing "well I voted for him but I didn't vote for this" um well asshole, you did and here we are now! Can't go back. Trump is a bully, a dictator. I fear what can really happen. Trump being president just proves what happens when you give someone too much power that shouldn't have had any power to begin with. He and Musk were little boys who dreamed of taking over the world and now here we are. We have two grown boys with too much money, no knowledge of how to do anything, and no regard for the people of America. They just want to keep lining their pockets. The saddest part is that Trump brought out the hate in everyone. Our country has never been more divided. I've never been scared of a president. Disappointed? Sure, but scared? I'm terrified for my children, my daughter especially. 

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u/HighwayBrigand 2d ago

My returement account lost every dollar of gains I'd made over the last year yesterday.  The GOP screwed over my generation in Iraq and Afghanistan.  They screwed over my generation when the housing market crashed.  Now, they're screwing over everyone again with this tariff plan.  These people have brought about nothing but abject misery and poverty with their policies.

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u/vindollaz 2d ago

As long as there are <10 or so transgender athletes and <1% of late term abortions… sorry man not looking good.

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u/Seven22am 2d ago

Boy, do I have bad news for you on that front...

Seriously, though, I have been hoping for that my entire adult life (probably longer actually), and it seems we have very short memories. Of course, part of the problem is that most people 1) don't have time to pay much attention to the details of the news (which is why "eggs are expensive" swayed too much of the electorate) and 2) don't really have much of an understanding of macroeconomics (not that I do, necessarily).

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u/Acolyte_of_Swole 2d ago

The most hilarious part of this whole thing is that eggs are still expensive as fucc where I live...

So the one thing Trump was elected on, he can't even deliver.

Elect me president, coach! Put me in! I'll subsidize the egg farming industry! I'll buy up a "United States chicken treasury surplus" so this never happens again! We'll disburse chickens to the poor next time bird flu hits!

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u/TophatDevilsSon 2d ago

Not too long ago we asked Greenland if they could spare some eggs.

Really.

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u/Acolyte_of_Swole 2d ago

Time for anti-tariffs on eggs. We will actually pay you other countries to send us your eggs. Gimmie them things!

I'd be the best president ever. Global egg subsidies. Big Egg becomes the new dominant world power.

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u/Ashamed-Status-9668 2d ago

To be fair he did run on tariffs and tariffs we got. Crazy timeline.

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u/DoubleJumps 2d ago

The economy has slumped or gone into recession every time a republican has been president in my lifetime and I still see people walking around talking about how much better they are for the economy.

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u/JamesTiberiusCrunk 2d ago

That's never going to happen. We're nothing if not stupid.

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u/siberianmi 2d ago

Where were you in 2007?

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u/Retenrage 2d ago

Everything is cyclical. This shit will most likely happen every few generations, unfortunately.

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u/999forever 2d ago

Well all it took was a Great Depression and then we had a democratic house for 80 years. And unparalleled American prosperity. Republicans have now managed to claw their way back into government and look at what they do. 

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u/[deleted] 2d ago

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u/Seeker_Of_Toiletries 2d ago

What makes you think dems are aristocratic when Trump is literally abusing the presidential powers like a king ? And not to mention his rogues gallery of billionaires in his cabinet. Joe Biden was an average Joe in comparison.

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u/FillMySoupDumpling 2d ago

Third party on the presidential race doesn’t work. Between first past the post and the electoral college, the winner will be one from the two major parties at the time. 

So by voting third party, you’ll be pulling potential support from the candidate you’re more aligned with and giving that to the candidate you’re less aligned with. 

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u/FillMySoupDumpling 2d ago

It won’t happen. Bush went to war on fake pretenses and they still didn’t learn. Bush was president when the 08 crash happened and they still didn’t learn. 

In fact they doubled down.

Americans see voting republican as the “default”. Even the non voting population seems to see republicans as the default.

They might choose to vote otherwise once in a while, but they got right back to it after everything isn’t fixed in 2-4 years. 

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u/nietzsche_niche 2d ago

the 6th or 7th conservative-fueled recession is when Americans figure it out? Lmao we’re a nation full of people with diminished mental faculties that shit aint happening

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u/Vuronov 2d ago

As long as FOX “news” especially and the rest the right-wing media are allowed to masquerade as legitimate news and spread propaganda unchecked, there will always be a significant segment of our population who will never quit their Republican Party and blame everything on: Biden/Obama/Hillary/Soros/DeI/woke mind virus/Satan etc, anyone and anything except the Republicans in front of their eyes.

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u/bionista 2d ago

Trump is saving the world. How? Because he and Bessent are successfully (for now) getting the 10y rate lower. Why is this important? Because there is $10 TRILLION in debt that needs to be rolled in the next year. The lower rate allows it to be refinanced successfully. What if he didn’t do this? We would have bankruptcies and losses in pension funds etc. and ultimately runaway inflation that would dwarf a recession.

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u/idlefordays 2d ago

Japan and China own 2T of that debt. Aka they are huge buyers of our debt. As retaliation, they can opt to not buy these new debts. Lowering demand would increase yield rates until someone else buys. If the whole world unites and does not buy the debts, yields will be sky high.

That is the doomsday scenario and the US has pissed off everyone and the penguins

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u/bionista 2d ago

You show lack of understanding of global finance. If you have $2T of USD are you going to just hold it in cash and not try to earn a yield? The US would love that!

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u/idlefordays 2d ago

You assume that global financial markets are in a normal environment. Wrong.

If the US does not refinance. They will be on track to default. The US would love that! That means our debt is junk tier and paying junk tier rates. When someone has debt and the other has cash…. You know who can sit longer? The one that sits on cash

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u/bionista 2d ago

Sorry it’s not to anyone’s benefit to continue this conversation. Peace.

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u/WhenMeWasAYouth 2d ago

Well at least you're right about that.

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u/IThinkILikeYou 2d ago

The first thing you’re right about in this thread is

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u/Seeker_Of_Toiletries 2d ago

Trump doesn’t care about lowering the debt. If they did, then would be arguing for a combination of tax raises/cuts to government spending and pro-growth polices that will grow the economy more than the debt interest rates. They want to extend the Trump tax cuts that will increase the debt by at least 6 trillion. We were lowering deficits under Obama until Trump came in.

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u/bionista 2d ago

It’s not enough. Do the math. Do you prefwr to make money or stew in your blind hate?

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u/Seeker_Of_Toiletries 2d ago

Man Stfu, in exactly 1 month or whatever, all of you trump slurpers are going to be on the “it was just a negotiation tactic” when Trump backs down and America gets a worse deal on everything.

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u/bionista 2d ago

Good luck to you.

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u/Seeker_Of_Toiletries 2d ago

Destroyed in the free market place of ideas! Oh I’m sorry, did you need some tariffs to protect your uncompetitive arguments ?

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u/dudemanjack 2d ago

Crashing the economy is an interesting way to lower interest rates.

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u/bionista 2d ago

Other than QE or cutting SS and Medicare or another pandemic, it’s the only way.

Trump pumped in $7T to the economy to prevent it from crashing during COVID. So this is just the opposite.

If we had Biden or Harris they would not have had the balls to do this. And we would have had a global financial meltdown in 12 months. At least Trump is fighting to stop it. I hope he wins. But it’s really tough.

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u/VersionX 2d ago

No credible economists were predicting anything of the sort.

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u/bionista 2d ago

There have been plenty. You just are not well read enough to have predicted this. I’ve been in cash since 1/27.

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u/VersionX 2d ago

I work in this sector. For one of the biggest companies in the space.

You're wrong.

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u/bionista 2d ago

Then you are not very good at your job if you didn’t see this coming. I worked with a lot of back office folks that called themselves Wall Street bankers too. I am familiar with your type.

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u/huckleberry61 2d ago

How does the boot taste?

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u/bionista 2d ago

What boot?

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u/VersionX 2d ago

The one you're deepthroating presently

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u/HitboxOfASnail 2d ago

I can't believe he has undone 80 years of US global dominance in 60 days

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u/wpm 2d ago

I think a lot about how much better life would be if that dumb kid had landed his fucking shots.

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u/advester 2d ago

And if Oswald missed.

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u/KidGoku1 2d ago

Not as much as the ones who vote for far right leaders. I have yet to see a far right leader that isn't a criminal and actually cares about the people. Look at all the dictators around the world they prey on the fools while they get in power and F all the people over trying to take away their rights and justice just so they can steal from the country to richen their friends and these same fools who lack the brain capacity to understand what's really going on keep defending such dictators even at the expense of their beloved country. These people are the real traitors if you ask me.

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u/earthcomedy 2d ago

then you find out what's been happening in the world irrespective of political party.

but more on that next decade.

we too blind now.