#Stocks are extending their decline after #Trump said the #tariffs on #China are actually 145%, not 125%, as he stated yesterday. The S&P 500 is now down more than 4% & the Nasdaq composite index, which has lots of tech stocks in it, is down 4.5%

It’s pretty remarkable that for the past 24 hours there has been so little clarity on what the #US #tariff rate is on #China, the world’s 2nd largest #economy. For an importer bringing in Chinese products — as many businesses, big & small, do — the difference between a 125% tariff and a 145% tariff can amount to thousands of dollars per container.