Tariff Surge: Trump Targets China

U.S. Markets React to Increased Tariffs on Chinese Imports

• Equities and digital assets initially rose but declined by Tuesday afternoon.
• Key U.S. indices turned negative later in the day.
• The White House announced a tariff increase on Chinese imports to 104%.

The initial rise in equities and digital assets lost momentum, with major U.S. indices turning negative following the White House’s announcement of a significant tariff hike on Chinese imports to 104%.