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China Daily / 2025-04 / 10 / Page001

MANY PEOPLE IN US PUZZLED BY SELF-INFLICTED WOUNDS TO ECONOMY

By MAY ZHOU in Houston, Texas | China Daily | Updated: 2025-04-10 00:00
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Fall in investments, specter of job losses, manufacturing uncertainty loom

Wayne, an IT worker from Houston, Texas, said he does not need economic experts or the media to tell him how the tariffs will affect him and his family.

"As a family, we lost a large chunk of our total investments including the 401(k) retirement fund in the two days following so-called 'Liberation Day'. Yes, part of my wealth got liberated and is now free of me," said Wayne, who wants to be identified only by his first name.

He didn't want to go into the specifics, but said by the end of Tuesday his loss was almost $500,000.

Report cites rights progress in Tibet

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