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/AFWUSA 2d ago

lol, this country is too stupid to ever learn any lessons. My idiot Trumper friends are still “We were overdue for a recession” coping. It’s fucking lunacy.

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u/Notbuiltdifferent 2d ago

Overdue for a recession? I thought we were just in a recession for the last four years?

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u/parkingviolation212 2d ago

It’s double plus ungood. Recession during democrat economy=bad. Recession during Trump economy= good.

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u/nietzsche_niche 2d ago

Everythings recession

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u/Warthog_Orgy_Fart 2d ago

Exactly. One single person is going to cause a recession. We weren’t “due for a recession”. We’d probably be at ATH right now if it weren’t for this fuck being in office.

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u/Acolyte_of_Swole 2d ago

What we are overdue for is universal health care.

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u/anewbys83 2d ago

Which is hilarious since the fed under Biden managed to shepherd us through inflation with a soft landing. But now we're being tanked for no logical reason. WTF.