MARKETS RATTLED BY TARIFF CONFUSION
Markets were shaken Wednesday after a White House fact sheet mentioned China now faces tariffs "up to 245%"—much higher than the widely assumed 145%.
This sparked confusion, but the White House clarified: the 245% figure isn't new. It includes existing tariffs:
🔸 125% reciprocal tariff
🔸 20% fentanyl-related tariff
🔸 7.5–100% under Section 301
Bottom line: no new tariffs, just a misinterpretation. Still, the confusion highlights how complex and unclear the current tariff landscape has become—even for seasoned market watchers
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- NoraPoe·04-17Confusing timesLikeReport