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It’s time for your Yahoo! Finance’s Market Minute. China slaps back overnight raising its tariff on US imports to 125%, up from 84%, starting Saturday. Beijing also saying it will no longer match any tariff increases by the United States. Markets taking the news in stride right now, futures edging up 90 minutes ahead of the opening bell. But it’s been a wild week on Wall Street. Some of the most intense action this week has been in the foreign exchange market, the dollar down for the fifth straight day. The other big story for Wall Street bank earnings. JP Morgan reporting first quarter results earlier, beating analyst estimates on the top and bottom lines. But JP Morgan chairman and CEO Jamie Dimon warning in the release that the economy is facing considerable term turbulence. Wells Fargo also reporting earnings ahead of the open, the bank posting mixed results for the first quarter. Earnings beat estimates but revenue came in light. And that is your Yahoo! Finance Market Minute.