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China to increase tariffs on US imports from 34% to 84%

1. China raises tariffs on U.S. imports from 34% to 84%. 2. The U.S. retaliates with a total tariff of 104% on China. 3. Tensions escalate as both countries refuse to back down. 4. 70 countries have contacted Trump for tariff negotiations. 5. President Trump remains firm against China's retaliatory measures.

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FAQ

Why Bearish?

Rising tariffs may lead to decreased corporate profits and consumer spending, adversely affecting the S&P 500.

How important is it?

Tariff escalation significantly affects multinational companies within the S&P 500, influencing investor sentiment and pushing down stock prices.

Why Short Term?

Immediate market reactions anticipated; potential for prolonged effects depending on trade negotiations.

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