r/investing • u/ExtentFuture4133 • 3d 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.

2.7k Upvotes

98% Upvoted

698 comments sorted by

View all comments

Show parent comments

41

u/takesthebiscuit 3d ago

Jeez America don’t put Trump up as your contender

34

u/chatterwrack 3d 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.

5

u/Solid-Market7546 2d 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

0

u/nietzsche_niche 2d ago

Nah, republicans will just run on getting non-binary people out of teaching computer science or some other niche culture war issue predicated on pure fantasy and still get 45-50% of the House. You need to be more critical of how much republicans have been able to get their base to supplant voting primarily around their material conditions with dumb cheap treats and harping on the most irrelevant issues.

1

u/Krunklock 2d ago

This is like if Tyrion chose Joffrey as his Champion instead of the Oberyn