President Trump is enforcing a 50% tariff hike on Chinese imports effective immediately, increasing total tariffs on such goods to 104%. This news has triggered significant market reactions, contributing to the ongoing volatility in U.S. Financial markets.
Major stocks like Apple have seen considerable declines, losing around 20% in just three sessions amidst the tariff concerns. The S&P 500 has suffered drops, and the volatility index (VIX) indicates heightened investor fear.
Despite the current bearish trend, some analysts suggest a path for recovery, speculating that the S&P 500 could rebound towards 5,400. This would represent a 6.7% increase from its last closing.
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