🚨 China to increase tariffs on US goods to 125% 🔥
China just fired back in the ongoing trade fight! After the U.S. raised tariffs on Chinese goods, China is now planning to hit U.S. products with up to 125% tariffs too!
Here’s what China is targeting:
▪︎📦 A 15% tariff on coal and liquefied natural gas
▪︎⛽ A 10% tariff on crude oil, farm machines, and some vehicles
What’s happening in the markets right now?
▪︎📉 S&P 500 (SPY): $524.58 (down 4.36%)
▪︎📉 Tesla (TSLA): $252.40 (down 7.22%)
▪︎📉 Alibaba (BABA): $104.18 (down 5.92%)
▪︎📉 China ETF (FXI): $31.56 (down 2.53%)
Why this matters:
▪︎🛢️ Energy prices could jump with fewer U.S. exports to China.
▪︎🚗 U.S. car companies might struggle more overseas.
▪︎📊 Global markets are feeling the pressure—investors are getting nervous.
The tension is rising fast—this isn’t just talk anymore. It’s real action that could shake the world economy. Buckle up! 🌍🔥