๐จ China to increase tariffs on US goods to 125% ๐ฅ
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!
Hereโs what China is targeting:
โช๏ธ๐ฆ A 15% tariff on coal and liquefied natural gas
โช๏ธโฝ A 10% tariff on crude oil, farm machines, and some vehicles
Whatโs happening in the markets right now?
โช๏ธ๐ S&P 500 (SPY): $524.58 (down 4.36%)
โช๏ธ๐ Tesla (TSLA): $252.40 (down 7.22%)
โช๏ธ๐ Alibaba (BABA): $104.18 (down 5.92%)
โช๏ธ๐ China ETF (FXI): $31.56 (down 2.53%)
Why this matters:
โช๏ธ๐ข๏ธ Energy prices could jump with fewer U.S. exports to China.
โช๏ธ๐ U.S. car companies might struggle more overseas.
โช๏ธ๐ Global markets are feeling the pressureโinvestors are getting nervous.
The tension is rising fastโthis isnโt just talk anymore. Itโs real action that could shake the world economy. Buckle up! ๐๐ฅ