Stock market plummets as Trump announces new tariff war
Stock market plummets as Trump announces new tariff war
Donald Trump announced new tariffs will take effect this weekend—sending the stock market crashing.
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.
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Could this finally be the term that Trump speedruns the economy crash so the Republicans can be properly blamed for it happening due to their policies and leadership, rather than the Dems always inheriting a timebomb and wasting a whole ass term fixing it?
Trump is already running with the line that the helicopter/plane collision was somehow Biden's fault, even though Trump and "Justin Hammer" fucked with the FAA. That's probably why they are speedrunning this collapse, they want to claim they inherited a mess, and shift blame for the consequences of their actions.
Which is one of two reasons why they keep screeching this "DEI Hires did 9/11!" nonsense
- It's the only card they have for claiming Biden is responsible for Trump's blunders
- It's to manufacture consent for Trump's plan to repeal the Civil Rights Act "in the interest of public safety"
The FAA's diversity hiring programs under Biden were the same as they were under Trump.
Also, the more important fact that Dei doesn't mean "hire women and gays at the expense of merit"....so the whole DEI thing was always based on ignorance of the systems.
Just to be clear that's not what happened this last time. Biden deliberately took away all of the covid provisions that were holding the economy up. And while the inflation wasn't directly caused by the government at the time, democrats did nothing about it except wait for studies to come out showing it was price gouging so they could say it wasn't their fault.