
WagmiGoats Insights (WGi) 📊
February 4, 2025 at 07:56 PM
*📉 STOCK FUTURES DROP AS CHINA HITS U.S. IMPORTS WITH RETALIATORY TARIFFS*
Markets turned lower early Tuesday as China fired back against U.S. tariffs, announcing new duties on American imports.
*🔹 China’s Tariff Details:*
▪️ 15% tariffs on U.S. coal and liquefied natural gas
▪️ 10% higher duties on crude oil, farm equipment, and selected cars
▪️ Effective Date: February 10
*🔻 Market Impact:*
📉 Dow Futures: -93 pts (-0.21%)
📉 S&P 500 Futures: -0.24%
📉 Nasdaq 100 Futures: -0.2%
_🌍 Traders Brace for Further Escalation in U.S.-China Trade Tensions_
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