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/gantousaboutraad 2d ago

Bullies only lose when you punch back and come with friends. Even Canada (Carney) has showed some real toughness and it completely changed the tone from the US. No more 'Governor this and that', and seemingly spared from any escalation in tariffs with regard to auto sector and these new additional ones.

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u/QueueLazarus 2d ago

Even Canada? Shit man, there's like 10 million Canadian men ready to dance. No one is scared.

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u/Azules023 2d ago

To be fair Carney is probably thanking him. Trump has basically saved the liberal party. If people were still focused on their shitty domestic policies they’d still be polling horribly but this has been the perfect distraction for them.

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u/Youngrazzy 2d ago

Canada only matters because they are next to USA.

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u/Punty-chan 1d ago

Water is the essence of wetness,

And wetness is the essence of beauty.

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u/Mad-Mel 1d ago

Canada matters to the US because the US domestic food supply is dependent on Canada.

The US gets its potash from Canada to make fertilizer, in quantities that they aren't going to be able to get elsewhere.

No potash = no fertilizer.

No fertilizer = not enough crops.

Not enough crops = not enough vegetables, wheat for bread and grain for animals.