Stock futures were down sharply again on Wednesday after China announced retaliatory tariffs on U.S. goods in the latest escalation of global trade tensions.https://www.cnbc.com/amp/2025/04/08/...-updates-.html
Dow Jones Industrial Average futures dropped 824 points, or 2.2%. S&P 500 futures slid 2.1%, and Nasdaq-100 futures declined 1.9%.
China announced it will impose an 84% levy on U.S. goodsstarting Thursday. This comes after U.S. tariffs of 104% on Chinese imports took effect shortly after midnight.
Apple shares declined as much as 2% in the premarket before paring that decline. Ford Motor also fell more than 2%, while General Motors shed 1%.
U.S. tariffs on imports from other countries also took effect. Canada reconfirmedTuesdayplans to put into effect 25% retaliatory tariffs on U.S.-made vehicles. This includes vehicles that aren't compliant with the United States-Mexico-Canada Agreement, in addition to non-Canadian and non-Mexican content of USMCA-compliant fully assembled vehicles brought into Canada from the U.S.
"Our base case is tariffs will, over time, drift lower than today's level but stay off the charts – at the highest levels of our lifetimes," Piper Sandler analyst Andy Laperriere wrote on Tuesday. "They are more likely to go higher in the near-term, though there could be some deals (probably minor ones) in the near term, too."
https://www.cnbc.com/amp/2025/04/08/...-updates-.html Originally Posted by HDGristlehttps://x.com/presentwitness_/status...848176988?s=42
Zero taxes for poorer people w families isn’t going to mean jackshit when tee shirts cost 50 plus, all clothing, school materials, cost twice as much. Big difference between tariffs and trade deficits, one is a tax while the other should breed competition and huge savings for all Americans. Domestic garments? Are you kidding? Hard enough to get fruit pickers and landscapers not alone garment makers (basic sweatshop) unless everyone wants to pay 50-100 bucks for Russell shorts, tank tops ect. Get 6 pack of underwear or socks for 100 bucks.So you’re pro slavery as long as it keeps garments affordable. Is this only brown people, or do you wish to go back to democratic roots and enslave blacks again too?
I’m all for tariffs being a big stick ect but this guy doesn’t understand why trade deficits occur. He wants Vietnam to but triple their gdp in what? Soybeans? Originally Posted by nomad1000!
Market starts to soar as Trump back down from his dumbass tariff plan. Those 90 day pauses we were told weren't happening have happened. Except for China.Your last sentence is spot on!
https://finance.yahoo.com/news/live/...133616912.html
Mebbe next time he has his people pick up a phone instead of causing widespread market chaos. Though, I imagine some folks around him got very rich from buying the dips. Originally Posted by HDGristle
Your last sentence is spot on! Originally Posted by Charley3spot on as in a not so smart statement
Market starts to soar as Trump back down from his dumbass tariff plan. Those 90 day pauses we were told weren't happening have happened. Except for China.He didn’t back down. 75 countries backed down and agreed to meet and negotiate a fair deal. He doubled down on China. Which is now isolated. Trump put them in jail. They’re going have to figure out how to save face and make a deal with Trump. Trump is leading the way to global free trade. Which will lead to global peace and prosperity. It’s an historic day. As is your custom, you’re on the wrong side of history. How delicious
https://finance.yahoo.com/news/live/...133616912.html
Mebbe next time he has his people pick up a phone instead of causing widespread market chaos. Though, I imagine some folks around him got very rich from buying the dips. Originally Posted by HDGristle