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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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 1d 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.