Markets expect Trump's latest China tariffs will backfire as gold jumps and the dollar 'is not looking looking healthy'

business • 10/11/2025

"This is now the second instance where markets are trading tariffs as backfiring on the US, not on the rest of the world."

On Friday, President Donald Trump said he will impose an additional 100% tariff on China and limit U.S. exports of software, after China restricted its exports of rare earths. The S&P 500 sank 2.7%, its worst selloff since April 10. Meanwhile, the U.... [2403 chars]