- cross-posted to:
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- cross-posted to:
- [email protected]
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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The listed indices dropped an amount within the standard range that they regularly fluctuate. The dow is still up from where it was on january 1st. The same can be said for nasdaq and the s&p. Stocks are continuing to trend upward unabated, but they do wiggle as they do so.
Don’t ever trust the news when they say the market “plummets.” They use that term incredibly misleadingly. The lines on the charts wiggle constantly. When something bad happens some hack news sites will find a minor downward wiggle near the same time and they’ll claim causation and pretend that something significant happened to the markets, to drive clicks to their website.
The fact that most of the comments are taking the headline at face value is not a good sign.
plummets
I can’t believe it dropped 20% over… ooops I had the chart upside down my mistake
And yet he is left alone to do it all. The world has truly given up on itself when such obvious shit is allowed to run unchecked.
If you’re protesting soon, go here for a safe communication app: https://briarproject.org/
Donald Trump is such a fucking loser. An absolute grifter and would be better in the ground than breathing.
Fuck Donald Trump and his band of loser magas.
I wholeheartedly agree. I’d say he’d make good worm food but the orange ass makeup his nonce ass wears would be hazardous
MAGA must be beside themselves with all this…. winning.
https://m.facebook.com/story.php?story_fbid=2069436850145993
50 States, 50 Protests, 1day
Feb 5 @ your downtown.
On Facebook…really?!!
Bro do you think a protest is going to happen by posting it on lemmy
You’re 100% correct. Do i have to be happy about it? 💩
it’s also on not Facebook
That’s where the sleeping sheep are at so yeah unfortunately.
Looks like the link was taken down…
It opened for me.
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?
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.
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.
They know that, but Biden “touched it last” so it’s his fault…
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If you are a non-Trump voter in a red state, especially if you work for the flagship company or industry in that state, I would like to apologize on behalf of all Canadians for what our government is about to do. We don’t want to do it but it is the only way to deal with a bully.
I would like to apologize on behalf of all Canadians for what our government is about to do.
Awfully nice of you Canadians to apologize in advance for defending yourselves - eh?
It’s what we do. We understand that most Americans didn’t vote for him and that those who did don’t understand tariffs or just how much the damage that he and the billionaires are doing to the government is going to hurt regular Americans, including his base, for decades to come. It sucks but here we are.
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We don’t want to do it but it is the only way to deal with a bully. I think tariffs are bad for the people of the country that levies them. If another country puts a tariff on things my country sells, I’m for unilaterally disarming. Let the other country’s people enjoy the dubious industry-protecting benefits of that tax, and let us enjoy the benefits of buying whatever is a good deal.
I think it’s nonsense to think that when people freely trade money for goods, the person receiving the money “wins” and the person receiving the goods “loses”. They made the trade because it was good for both parties.
I’m American, and we’re pursing the opposite of what I think is good policy.
We need to seriously start planning states breaking up from the federal government.
Ah yeah, great plan, let’s fracture the empire while major corporations look on like vultures circling a corpse.
The sad truth is that without a strong, united US government, corporations are going to sieze complete control of any offshoots.
Have you not been paying attention? Corporations already run this country.
It can get worse.
California already got the ball rolling
If the don’t plan on seizing nukes then they’ll end up like Ukraine…
Yeah, the scenarios where a breakup of the union is feasible are… limited. Governors aren’t going to be able to seize the nukes or military assets needed to establish themselves on their own without some truly extraordinary changes that just haven’t come into being yet. Maybe one day, but it’s going to be a damned rough road before we get there.
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!
It didn’t “plummet” lol its less than a 1% change
Literally this, it’s hard to take this messaging seriously with these kind of declarations
If bitcoin/crypto is anything to go off of, that’s down 10% +. Come Monday the market will probably be a sea of red
Markets have been closed since Friday. Come Monday, we’ll see what’s what.
It hasn’t even begun to drop, LOL. Wait a couple of days.
But we only have 99 left!
99 to go!
Here we goooi! To the floor!
Then back up for that growth and profit!
Lololololololololol, fixing worthless Trumper pretending it’s not a big drop because percentages
It’s dropped to where it was on Thursday. We’ve had 4 bigger drops in the last month and it’s still up compared to where it was a month ago.
I didnt say it wasnt a drop. I just am pointing out that it’s not really a “plummet”
And I’m the opposite if a trumper lol
This tariff war inside north America is unprecedented since 1945. We will need more Data to evaluate consequences and clearly distinguish random market fluctuations from real consequences; remind me in 10 days/months/years. Capital flows might still strengthen the Dollar in the short term, as countries who depend on exporting commodities (namely oil/coal/wood) into the US will attempt to lower prices to compete with domestic US producers …
Is this owning the libs, or does that come with the biggest economic crash in our lives for a third time?
