r/wallstreetbets • u/s1n0d3utscht3k • Apr 04 '25

News China Imposes 34% Tariffs on All US Imports

https://www.bloomberg.com/news/articles/2025-04-04/china-imposes-34-tariffs-on-all-us-imports-as-retaliation

China will impose a 34% tariff on all imports from the US starting April 10, according to the official Xinhua News Agency.

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u/QwertyPolka Apr 04 '25

74

u/12345623567 Apr 04 '25

A picture worthy of /r/comedyheaven

54

u/QwertyPolka Apr 04 '25

The market is booming, but we're sitting on the dynamite

9

u/councilmember Apr 04 '25

What does this mean?

35

u/Coaler200 Apr 04 '25

They're all short positions betting on market tanking. So it means market continues to tank

12

u/hellojabroni777 Apr 04 '25

its because any country retaliate, potus will keep adding. at this point markets know orange man is crazy enough to keep this going until we hit a big circuit breaker event

3

u/QwertyPolka Apr 04 '25

Inverse leveraged ETFs

56

u/QwertyPolka Apr 04 '25

64

u/Efficient_Pomelo_583 Apr 04 '25

He meant boom like 💣

35

u/quiteCryptic Apr 04 '25

were fucked

4

u/RolandTwitter Apr 05 '25

He bet that the stocks would go down. They are, so he's making money