r/wallstreetbets • u/s1n0d3utscht3k • 1d ago

News China Imposes 34% Tariffs on All US Imports

https://www.bloomberg.com/news/articles/2025-04-04/china-imposes-34-tariffs-on-all-us-imports-as-retaliation

China will impose a 34% tariff on all imports from the US starting April 10, according to the official Xinhua News Agency.

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u/NovelHare 1d ago

It will probably get under $400 by end of year.

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u/Infinite-Pomelo-7538 1d ago

There is so much winning happening in the U.S.

It's great that everyone over there stays silent while getting absolutely recked and losing their entire 401(k)s.

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u/copa8 1d ago

More like 301(k)s now.

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u/Crusher10833 1d ago

Made me chuckle, but I'm literally crying inside.

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u/SaraArt11 1d ago

They removed the ticker from Fox News because why share the good news

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u/Revelati123 21h ago

They were afraid people would get tired of winning so hard.

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u/nightwing12 23h ago

The illiteracy rate in the USA is 25% , most of them think this is good because the orange guy says it is

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u/zeppelinoasis 18h ago

But hey, all eyes on Gaza, right?

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u/Aromatic-Cup-2116 11h ago

4.01k

Your retirement is now two hotdogs at Costco.

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u/Slammedtgs 19h ago

Just wait until the job losses start. My Q2 forecast process just changed and it’s all about eliminating of non essential expenses. Pretty much was every finance person is doing right now. I expect layoffs to start before the end of Q2 if nothing changes.

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u/Cocosito 23h ago

Good thing Republicans have essentially phased out pensions so the working class only has those 401(k)s.

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u/palmGolfer 23h ago

more like getting rich with their 401ks, continuing to add units, much more units at regular intervals for the same amount of money. Once it goes back up like it always does, multiplied number of units. even more wealth

Whereas those without 401k type of investing have to sell to get dip buy money, forcing them to take realized losses

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u/wireke 1d ago

No they are not silent! They have had protests everyday!! (of a few thousands max) and they are sending angry letters to their local politicians! They are doing everything they can, don't you understand?

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u/Mr_meowmers00 1d ago

As part of the cash gang, I kinda hope so. I'll sell eveylrything i own to buy SPY below 400 again

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u/NovelHare 22h ago

I made 44% YTD in my Roth and just have it all sitting in SPAXX while I wait.

I have no clue what to buy, it’s not a lot of money. But I want to buy some stocks to hold. Nvidia, JPM and JNJ, just split between those 3 idk.

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u/XFX_Samsung 23h ago

Buy the dip? Or just go all in on red at a roulette table, same odds of winning

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u/ABirdOfParadise 19h ago

on the bright side I can reuse my SPY420 hat again