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/Acolyte_of_Swole 2d ago

We're putting assloads of tariffs on everything, including things we cannot produce here. There's no thought put into it.

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u/tomoldbury 2d ago

Tariffs on avocados; famously grown in the USA.

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u/advester 2d ago

He has stated that he longs for the days when the govt was paid for with tariffs, not income tax. Tariffs aren't a means to him, they are the ends.