US stocks fall as White House confirms 104% tariffs on China

[tobelightlight]

https://www.thestar.com.my/news/nat...hina?utm_medium=colorwall&utm_source=facebook

ISTANBUL: United States stocks closed lower on Tuesday (April 8) as trade tensions escalated following the White House’s confirmation that tariffs on Chinese goods would more than double, Anadolu Ajansi (AA) reported.

The United States will impose a 104% tariff on China beginning Wednesday (April 9), the White House announced.


Apple shares, which had gained more than 4% earlier in the day, ended nearly 5% lower.

The iPhone maker has now lost over 22% in the past four trading days, amid growing concerns over tariffs - most iPhones are manufactured in China.

The Dow Jones Industrial Average fell 0.84%, or 320.01 points, to close at 37,645.59.

The S&P 500 dropped 1.57%, or 79.48 points, to 4,982.77, while the Nasdaq Composite shed 2.15 per cent, or 335.35 points, to end at 15,267.91.

The CBOE Volatility Index (VIX), often referred to as the "fear index," surged 11.39% to 52.33.

Leading with trust and quality​

In a related development, Trump posted on social media Tuesday that he had a "great call" with the acting president of South Korea.

"There can be permanent tariffs and there can also be negotiations," Trump said during a press conference on Monday (April 7).

He also said Japanese Prime Minister Shigeru Ishiba had assured him in a phone call that Japan would send a "top team to negotiate."

Trump said "tough but fair parameters" are being set and urged Japan to increase purchases of American cars, agricultural goods, and "many other 'things'." - Bernama-Anadolu

 

[laksaboy]

Small temporary pain to destroy China. Worth it.

 

[syed putra]

Let's see who wins eventually as the US isolate itself.
The Far East has no need for the use of the USD anymore I was told to trade with each other. I can travel in ASEAN region plus china using the phone banking to pay. No more visa or MasterCard. Bypass swift entirely.

 

[TanSong]

Americans know very well that China is taking advantage of American free trade

 

[sbfuncle]

Some Chinese factory boss Verlee unhappy and said
When his factory manufacture an item that cost $50 in the Lee tail market, his factory only earn $1 while USA earn $49 de woh.

 

[TanSong]

Some Chinese factory boss Verlee unhappy and said
When his factory manufacture an item that cost $50 in the Lee tail market, his factory only earn $1 while USA earn $49 de woh.

They can sell in China and earn more

 

[eatshitndie]

Let's see who wins eventually as the US isolate itself.
The Far East has no need for the use of the USD anymore I was told to trade with each other. I can travel in ASEAN region plus china using the phone banking to pay. No more visa or MasterCard. Bypass swift entirely.

very hard for amerika to isolate itself. at least 69 cuntries will cum a calling while another 69 want to sell shitstuff to amerikans to survive. as the biggest market in the world for every shitstuff imaginable it has leverage and can force the issue. like a tough workout, 69 days of pain 69 weeks of gain.

 

[tobelightlight]

 

[syed putra]

very hard for amerika to isolate itself. at least 69 cuntries will cum a calling while another 69 want to sell shitstuff to amerikans to survive. as the biggest market in the world for every shitstuff imaginable it has leverage and can force the issue. like a tough workout, 69 days of pain 69 weeks of gain.

That isolation already started. In the far east, rivals china, Japan and South Korea already discussing on how to overcome the tariffs.
Same with ASEAN 10.
EU also talking with china. There will Be a new trade environment. Less dependent on the US.
US alone is just one quarter of worlds GDP. Why bother when we have 75% still available
And US GDP was boosted by debt. Debt which the ROTW will not buy into anymore.

 

[TanSong]

very hard for amerika to isolate itself. at least 69 cuntries will cum a calling while another 69 want to sell shitstuff to amerikans to survive. as the biggest market in the world for every shitstuff imaginable it has leverage and can force the issue. like a tough workout, 69 days of pain 69 weeks of gain.

Vietnam called USA and told leaders not to worry, if they need more China goods, Vietnam can produce anytime. So USA will have no inflation

 

[TanSong]

Whoever talk to USA must also promise to expand their production to cover for the shortfall of China production.

 

[TanSong]

BRICS and African countries are cruel and none of them come out to throw support on China

 

[TanSong]

BRICS and African countries should just dump USD and buy all CNY

 

[laksaboy]

BRICS and African countries should just dump USD and buy all CNY

LOL, good luck with that.

 

[jsctan]

BRICS and African countries should just dump USD and buy all CNY

Trust CNY? Rather trust USD. See how many scammers going out to scam everyone. It's in their DNA. Same time communist country can just confiscate, block inflow of CNY, devalue ...Etc. load of useless CNY.

 

[Willamshakespear]

For whom the bell tolls...the bell tolls for China..... It can be averted for the sake of the many inhabitants of China...

1) On Friday 4th April 2025, the CCP govt of China had haughtily claimed that the markets had spoken......sadly, it had only spoken on stocks that were faced with high tariffs such as China at 104% now, along with EU stocks as well as even American stocks that had foreign investments in Nations that faced high tariffs.


2) Tariffs will for sure hit dividend earnings. While those tariffs costs will be borned by consumers, such high prices will only make them turn to cheaper alternatives such as locally made products - losing market share. Thus savvy investors in such stocks will pull out their life & corporate savings now.


3) Many other Nations are in dialogue for negotiations with USA now, but although nothing is finalized yet, some investors will book a seat in those stock companies represented by the country's leaders in the hope that deals would be made, & when the deal is done, their stock position would be at the best level when it rises again, especially blue chip stocks.

There will still be selling even today, but mostly by speculators whom had not gotten out yet, & now with renewed hope to earn back whatever they had lost since 4th April.


4) Some biz enterprises are getting creative. Instead of fully made in USA products, perhaps 30% of parts can be foreign made components to ease from such tariffs.....but still subjected to what the Trump Administration Economic team would accept in order that such does not distract from America's aim to rebuild & protect its manufacturing/industries/services, jobs & economy.

5) The show is still running, but becomes clearer as each day passes....


.

 

[ftan42]

let countdown the 104% tariff on Chinese imports officially took effect at 12:01 a.m. ET on Wednesday, April 9, 2025, who has the last cry?
China has confirmed retaliatory tariffs, including a 50% increase on certain U.S. goods, in response to the U.S. imposing a 104% tariff on Chinese imports
US government bonds for 10-year and 30-year yields both experienced significant increases, rising 40 basis points each to 4.4% and 4.8% respectively. As a result, bond prices are declining rapidly.
a lot of their consumer goods are long gone off the shelves