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/Canucklehead_Esq 2d 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/Misinformed_user 2d ago

You said “just the US”, I responded to say that it’s not just the US. Don’t move the goal posts

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u/Canucklehead_Esq 2d ago

Perhaps you missed the period at the end of 'US'? At no point did I suggest that the tariffs will impact only the US. What I did say is that the US will be the last economy to recover, if at all.

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u/mikebailey 2d ago

Not downvoting you but just letting you know this objectively isn’t what your comment said. Not sure if you replied to the wrong thread or what.

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u/Canucklehead_Esq 2d ago

What the first sentence of my initial response related to was the statement in the parent comment 'The whole planet has decided to pay more for everything'. The whole planet did not decide to do that, the US did by arbitrarily applying massive tariffs on just about everyone except Russia and Belarus. Perhaps I should have cited that in my initial post, but I thought the intent was clear. Seemingly not.