

China hits back with 125% tariffs
Apr 11, 2025
China strikes back with a staggering 125% tariffs on U.S. goods, escalating trade tensions. Lucid Group makes waves by winning a bankruptcy auction to acquire Nikola's Arizona factory. Meanwhile, Google announces layoffs across major divisions, raising concerns about its restructuring. The U.S. dollar dips below 100 as investors shift focus, while the Euro reaches a three-year high amidst the tariff chaos. Dive into the latest market insights and anticipate significant economic announcements on the horizon!
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China's Strong Tariff Retaliation
- China retaliated against U.S. tariffs by raising duties on American goods to 125%.
- China views U.S. tariffs as unilateral bullying violating international trade rules.
Lucid Acquires Nikola Assets
- Lucid won Nikola's bankruptcy auction for its Arizona manufacturing facility.
- Lucid plans to add 884,000 square feet and employ 300 former Nikola workers.
Google's Restructuring and Layoffs
- Google laid off hundreds in its Platforms and Devices division amid restructuring.
- This includes teams for Android, Pixel, and Chrome as Google aims to be more nimble.