Trump Tariffs Highlights

Trump Tariffs Highlights: China has increased tariffs on all US goods from 84% to 125% effective April 12, following President Trump’s decision to sharply raise US duties on Chinese imports.

Meanwhile, Tesla has stopped taking orders for its Model S and Model X on its Chinese website, a report by MKTNews said on Friday. The advisory reportedly states that the two models that are sold in China are imported vehicles.

Meanwhile Wall Street stocks fell sharply on Thursday amid growing concerns over Trump‘s ongoing trade battles. All three main US stock indexes suffered deep losses, losing most of the gains they made a day before. While on one hand S&P was down 3.5% on Thursday, Dow Jones Industrial Average also took a dive by 2.5%. Nasdaq too was down 4.3%.