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.

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u/meliseo 2d ago

Covid was a shock that was meant to recover as soon as the world went back to normal, worldwide. This is US against the world. If the countries rearrange their trade agreements without the US, they might really lose this battle.