BREAKING: China Strikes Back (145% Price Increase Starts Now)

"On April 9th, Trump announced a 90-day tariff pause across all countries with the exception of China. And instead, the United States increased China's tariff to 104%. China refused to back down once again. And at the time I'm recording this video, tariffs have now been increased to a whopping 145%."

"This has resulted in several estimates predicting that the cost of an iPhone produced in China could soon increase by $800 or 67% while an iPhone 16 Pro assembled in India could see just a $45 increase."

"However, over the last few days, we've seen the 30-year Treasury yield skyrocketing higher, meaning most likely other countries are having to sell US debt, driving down the price and the yield up."

"Or I guess more simply put, demand to buy US treasuries is going down. So interest rates have to go up to entice enough people or countries to buy into them."

"This is all very concerning because the higher that US Treasury yields move, the higher interest rates on mortgages get. And we all know what that means. To me, this signals that either some very big players are losing their confidence in the United States and pulling their money out, or they're being forced to sell."

"Worst case, this trade war causes other countries to reduce their reliance in the United States and move their manufacturing elsewhere because we've become slightly more unpredictable."

"And even if we do come to an agreement, manufacturing is not going to change overnight. Generally, it's going to take years to move jobs and processes from one country to another or even for some of that investment to yield any sort of significant return."

"Businesses don't want to outlay a lot of capital and work for something that isn't guaranteed to stick in place. And a lot of that uncertainty is going to cause them to probably remain on the sidelines for longer than expected."

"like Biden quadruple tariffs on electric vehicles made in China, tripled those on steel and aluminum, and doubled the duty on semiconductors so that their imports wouldn't destroy what we're able to do here in the United States."

"The outcome of today is going to dramatically depend on whether or not this escalates or whether or not they come to a deal relatively quickly in a way that benefits everybody."

"Honestly, I think it's a great time to cut down on your expenses, live below your means, invest long term, and pre- buy what you might need over the next few months. Even though I have a feeling it's probably not going to come to that, but just in case if you're able to."

"Realistically, I just can't help but think that the most likely outcome is going to be a pause on Chinese tariffs for a certain amount of time to give them enough room to negotiate."