The stock market was headed for another pounding Friday after China retaliated with new tariffs on U.S. goods, raising fears a trade war will tip the globe into a recession.
Futures tied to the blue-chip Dow Jones Industrial Average lost 1,200 points, or 3%. Futures levels indicated the Dow would open official trading about 1,500 points lower. This follows a 1,679.39 point decline on Thursday. S&P 500 futures lost 3% after the benchmark shed 4.84% on Thursday.
Nasdaq 100 futures dropped 2.6% as many tech companies have exposure to China.
China’s commerce ministry said Friday the country will impose a 34% levy on all U.S. products. This matches the tariff on Chinese goods coming into the U.S. unveiled by President Donald Trump on Wednesday.
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US stock futures nosedived on Thursday, with the Dow tumbling almost 1,200 points as President Trump's surprisingly steep "Liberation Day" tariffs sent shockwaves through markets worldwide.
Contracts on the tech-heavy Nasdaq 100 led the sell-off, plummeting over 4% as losses accelerated for the major gauges before the bell. S&P 500 futures dove 3.7%, while Dow Jones Industrial Average futures tumbled 3% — over 1,200 points.
Among megacap techs, Apple AAPL) shares fell over 7% amid concerns about disruption to its supply chain. China, the source of key iPhone components, was hit with additional US tariffs that raised its overall rate to 54%. Nvidia (NVDA) and other chip stocks also tumbled thanks to similar concerns.
The two-step approach to tariffs unveiled by Trump on Wednesday imposes a baseline rate of 10% on all US trading partners but applies extra duties to countries considered "bad actors" on trade — meaning they face much higher rates. The levies go into effect on April 5 and April 9, respectively.
Post time 3-4-2025 10:27 PMFrom the mobile phone|Show all posts
pengecattaik replied at 3-4-2025 06:23 AM
defensive nampak....kalau x betul kan? koyak ke rahsia ko telah dipecahkan acik porem?? {:gif_angr ...
Aku seperti koyak ka?... Aku bukan darsita... Ko mahu aib kan heshe kepada aku untuk apa?.... Darsita itu muslim and aku athiest... Teruk muslim aku kenal tidak akan ngaku kapir...
laaa kome berdua je ke bikin romantis dlm ni ,ehh orgkata.. hat kita mencik2 tu esok2 jadi sayam2 taww, orang la kata, bukan meols
moga till jannah.. kenduri sok jgn lupa jemput naaaa
utk tidak OT, meols pun rajin je export to US, ada jugak customer yg concern, ada jugak yg tak.. sbbnya msia amongst the lowest tariff compared to my competitor esp china sana, and if we have to cut some of our margins to compensate , we don't mind pun, byk je cara for the company to play around to stay competitive, sebabnya even my US competitors pun deme import jugak parts mainly from china.. so in the end barang depa pun jadi mahai jugak, and they can never win on labour/wages compare dgn labour sini kan
but looking on US side, in a way, bagus jugak trump tu buat reciprocal traiff, sbb mmg ada trade imbalance disitu,, US ni la antara negara yg mmg senang gila nak export yach.. acer kome try export pi china tengok especially if HS code letak electornics yada2.. kompon tak lepas uiii , EU countries dgn IOSS nya, exporter kena register EORI lagi yada2 yg mmg buat susah for exporter plus VAT depa pun tinggi. Broker pun most palat juge.
US mmg ada de minimis threshold which is set at USD800 (CIF), sebelum ni letak la what ever value, jarang betul customer kena import tax hokehh even mmg deme ada de minimis value ni, but with this new tariff maybe takde la.. so any value kena kut or they will make it full force.
next week we shall see, as for now, too early to tell. even budak Fedex pun kelmarin lagi dah wasap mintak input sbb mgmt dia tanya.. i told him haku tengah mencekik tupat ni, esok lusa la reply
Post time 3-4-2025 09:25 PM
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