- 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.
Came here to make sure people saw some comments about cashing out and waiting this out.
I’m selling.
The upside if somehow our trade partners fold and we get sweater trade deals is the market would see a bump. Doubt it would be huge and you would have time to buy back in and suffer a small loss of growth.
This downside if this backfires is the dollar becoming weaker and opening the door for other powers to insert themselves as the economic fintech lubricator. This could see the market tumble.