- 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.
Tariffs are the opposite of a “free market” measure and absolutely choke an interconnected economy. Look at the damage done to Cuba or North Korea by sanctions, it’s the same principle. Getting to the real meat of why this is happening is like a forensic case study. Doesn’t even benefit Trump unless he basically immediately reverses it and gives the old “see they capitulated to my demands” based on whatever random thing he dredges up.
It helps folks who are positioned to buy the dip.
As long as the stock/asset/etc. actually goes back up, yeah. And yeah, you can short a decline as well.
Just another opportunity for the oligarchs to buy more of our country at a discount!