China to Impose Tax on Certain US Imports
Posted: Feb 04, 2025
- China has imposed tariffs on select US imports starting on February 10th
- Uncertainty in the market may lead to bearish conditions
- Potential impact on companies like $AAPL and $NVDA
- China will impose additional tariffs of 15% on coal and liquified natural gas imports from the U.S. and 10% higher duties on crude oil, farm equipment, and certain cars starting on February 10
- The tariffs announcement comes as the additional 10% U.S. tariffs on Chinese exports went into effect
- China criticizes the 10% tariff levied by U.S. President Donald Trump on Chinese goods, stating it violates WTO rules
- Chinese commerce ministry and customs officials announced export controls on items related to tungsten, tellurium, ruthenium, molybdenum, and ruthenium.
What do people on Reddit think?
🚨 Reddit sentiment: mixed - The comments show a mix of humor about the situation, pessimism about the impact on stocks, and a belief or hope that the trade war will not last long, contributing to an overall mixed sentiment. Summarized comments: No specific stocks or stock tickers were identified in the comments. - Some discussion about the potential impact on bulls and the trade war ending quickly. - Mention of China including "all electric trucks" in the list of imports to be taxed. - Some comments referencing Elon Musk in a humorous context about resolving the trade issues.
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