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/Moifaso 2d 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 2d ago

I would think that they would try to something that damages with a red states more.

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u/Seymoorebutts 2d 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/ArkamaZero 2d ago

The people in power are mostly boomers and Gen X who have no intention of giving up even an ounce of power to our younger generations and they are willing to burn the country to the ground to ensure we won't get a slice of the pie. Notice how every president seems to be older than the last?

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u/Seymoorebutts 2d ago

Then this shit needs to be burned.

Use their fucking osteoporosis against them.

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u/Trowaway9285 2d ago

No, the idiots are just going to vote for the next Republican clown.

Source: am American

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u/meliseo 2d ago

It's the sane thing to do, but it will really look weird when we tax things like Netflix, Amazon and stuff like that, lol