Investors flee U.S. stocks as markets react sharply to Trump's tariff plan
Investors flee U.S. stocks as markets react sharply to Trump's tariff plan
Initial market indications early Wednesday evening were that many investors had expected Trump’s tariffs to be far less expansive.
Summary
Markets tumbled after Trump’s sweeping tariff announcement, with S&P 500 futures dropping 3.5%, Nasdaq 100 down over 4.3%, and Dow futures falling 1,000 points.
Analysts called the tariffs "worse than the worst case scenario." Major companies like Apple, Amazon, and Nike saw stock declines up to 7%.
Retailers reliant on imports, like Five Below and Dollar Tree, plunged more than 11%.
Goldman Sachs warned tariffs could raise foreign car prices by $15,000. Treasury Secretary Scott Bessent dismissed after-hours moves, blaming volatility over policy concerns.
Just to be clear. Trump just declared a 10% tariff on the planet Earth not including the United States. Think of a country, any country really, that isn't the United States. Got one? Good, that nation has 10% tariffs on whatever.
There's exceptions for very specific things. But overall, yeah the price of everything is now going up 10%.
Trump just started Trade War II. Like there's no need to guess what the rest of the fucking planet feels about this or what they'll do. It's literally the United States versus every other fucking person on this planet.
We ain't cooked, we're ash. This is literally the end of the world that was built out of the ashes of World War II. There is no coming back from this ever, this is the Rubicon.
Correct, although when you tax everyone you ultimately just created a sales tax which is what the right has wanted all along since it impacts the poor the most. Hell, the fact that Five Below and Dollar Tree are impacted most make it even more obvious it's a tax on the poor.
They have no interest bringing back jobs, but man does it work well as a smokescreen for their base.
I had never heard Rubicon used outside of jeeps. Your comment piqued my interest and I learned something. Thank you.
Alea iacta est
Can I get an F in the chat
F
F
We should run the country like a business! Let's hire a guy that's bankrupted more companies that any other pretend billionaire!!
The guy who bankrupted a Casino.
You mean Trump’s massive tax increase that’s crashing the value of assets that other rich people would love to buy up?
GG our economy going to die,
"Blaming volatility over policy concerns."
....Yes. That's accurate. Fucking stupid policies tend to do that.
Damn, I started a high deductible health insurance and last month got it high enough to invest part of it.
Fingers crossed I'm still employed for a while to buy in at the lower prices, and I live long enough to recover.
Countries with national healthcare also don't have their healthcare dependent on the stock market. I'm jealous.
started a high deductible health insurance and last month got it high enough to invest part of it
Huh?
The deductible is the $ amount you will have to pay out of pocket before the co-insurance percentage will kick in and start covering 80% (or w/e) of the costs of covered services.
The deductible doesn't change, you can't get it higher - you can meet it for the year, or not have met it yet. It's just a total of money you've already spent, it can't be invested.
BigMike probably has an HSA which you can invest if you have enough funds in it
Usually high deductible plans come with a health savings account, that's probably what they're talking about.
Who would have known?