BREAKING: The S&P 500 collapses as President Trump says he will impose an ADDITIONAL 50% tariff on China on April 9th if China does not withdraw their 34% tariff on the US by April 8th.
Including Trump's "reciprocal tariff" of 34%, that's total tariff hike of +84% on China set… https://t.co/eHUSx7YjTq pic.twitter.com/4ZnDMTumKq
— The Kobeissi Letter (@KobeissiLetter) April 7, 2025