- cross-posted to:
- progressivepolitics
- cross-posted to:
- progressivepolitics
Summary
Donald Trump announced new tariffs against China, Mexico, and Canada, sparking market turmoil as the measures were set to begin this weekend.
Following the announcement, major indices plunged, with the Dow Jones, NASDAQ, and S&P 500 suffering significant losses, reflecting investor anxiety across global markets.
Canada, Mexico, and China vowed retaliatory tariffs, with officials warning that these measures could escalate trade conflicts and significantly harm economic stability.
Critics argue the tariffs will harm consumers and businesses, creating global trade uncertainty and risking prolonged economic challenges in the United States.
OK but they did fall rapidly, and one can only surmise it’s because of the announcement of more tariffs.
The market is driven by emotion, which is why doing anything other than long term investing is risky. I’m sure the fluctuation was connected to his tariff announcements. You want to see a real fall? Wait until the tariffs become a thing and people realize he’s screwed up a functional system. I wonder how fast one can backtrack such things? If it wasn’t for the harm done to so many people, I’d love to see if it’s a Brexit level mess, or just a temporary hiccup once they reverse course.
Seems more like a Liz Truss level mess. Unfortunately, unlike the UK, in the US system it’s effectively impossible to remove their leader from power. So they’re stuck with him even after he craters the economy.
Just an anecdote, but I sold all my SPY yesterday. I kept some more conservative investments in but I think once people see inflation from the tariffs it will drop.
Right, absolutely. I’m not saying that Herr Drumpf just kickstarted a recession and neither do I think that’s the claim that the article is trying to make. The market, however, had a very clear reaction to just the MENTION of tariffs. What happens when the details to these tariffs are released? What happens when they are actually implemented?
It will react with more details similarly. Like I said, it’s putting them into place that’s the real hit, and it will be much more than a stock market drop. I suppose tariffs do have a place in some circumstances, but he’s throwing darts, and none of them are stuck in the target.
Darts implies at least some degree of precision. This is just flinging shit wildly in all directions.
Why are you posing as an authority on this? Its painfully obvious youre talking out of your ass.
I never said I was. Trump promised tariffs on EU countries and stocks went down. I’ll grant you they didn’t go down by a lot, but I don’t think the article was being disingenuous.
There have been bigger day swings in the last couple weeks than there was with this announcement.
Thats what the stock market does and everyone always zooms into a 1hr chart to show a dip as if it didnt go back up by extended session close that same day.
OK if you say so. How would one ascertain whether these comments had an effect?
As far as I know, when state of affairs becomes uncertain, stocks go down. That’s the extent of my knowledge as pertaining to stocks. I figure that announcements of tariffs bring uncertainty in the long-term.
Uncertainty drives volatility, which is both up and down.