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.
Critics argue the tariffs will harm consumers and businesses, creating global trade uncertainty and risking prolonged economic challenges in the United States.
God damn it media, can’t we just call a fucking spade a spade. Anyone with a fucking functional brain knows these tariffs will harm consumers and businesses. “Critics,” my ass. Informed people, more like.
It’s this kind of shit that allowed us to get here to begin with, an unwillingness to just say the painful, obvious truth and speak it to power.
There are lots of good opinion pieces out there that satisfy your needs in that regard, but at its core, journalism should just be taking sources and presenting it in a way that people can read easily. Newspapers usually dont claim anything themselves, they just repeat claims made by other people. Thats not a bad thing, thats just how this works.
It is a bad thing to platform viewpoints that are incorrect or that shouldn’t be spread
Journalism should be, but does not currently. Newspapers usually, as in decades ago, but do not currently.
It will harm consumers and small businesses way more than it will harm the big corporations. And that’s exactly the goal: consolidate the government by crippling their biggest enemy in the middle-class. It’s how fascism operates: make sure only your supporters survive.
I really think this is wrong. These moves arguably harm large business even more than small ones because the complex supply chains that go into most large corporations’ goods are getting totally fucked by these tarrifs and the supplier agreements locking them probably more often than not do not give them a clear out for situations where the dumbest motherfuckers in the country elected their chief dumb motherfucker into the highest seat.
Regardless, the ones most hurt by this are consumers, and especially those without the means and/or ability accommodate this fuckery.
The complex supply chains are just as important for small businesses, but the small businesses have no leverage and are powerless to do anything about them.
The big corporations already planned their loopholes into the order. For them, this helps them consolidate power by driving smaller businesses out, or to where they’re forced to sell.
Hanlon’s Razor does not apply to this administration. It is malice. They know exactly what they’re doing.
‘Significant losses’ being 30 points?
Yeah these people know jack shit about market variations.
MAGA must be beside themselves with all this…. winning.
Here are some numbers to consider.
The US sold $441 billion worth of goods and services to Canada in 2024.
Canada sold $482 billion worth of goods and services to the US in 2024.
The US has a populating of 334.9 million people.
Canada has a population of 40.1 million people.
Per capita, every American man, woman, and child spent $1,316.81 on Canadian goods and services.
Candians spent $12,019. 95 on American good and services.
Who isn’t pulling their weight in this trading relationship?
This isn’t about illegal immigration and it isn’t about the 20 lbs of fentanyl that tried to cross the border from Canada.
This is about the billionaire class raising taxes on the poor and raising prices for Americans.
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Dow…drop…450 points
That’s 1%. Which means we are pretty much at a wash for the last week. Pretty minimal.
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
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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.
And hedge funds keep betting against the fucking economy. 401ks, savings, and pensions will all be effected. They want to steal your money.
All I hope is that Americans grow the balls for a general strike.
There were plans for May 1st 2028 since three major unions are renegotiating at that time.
I’m not sure it can wait four years.
Trump or someone exactly like him will be re-elected in 4 years.
There won’t be elections in 4 years
I think we will have Hungarian or Venezuelan style “elections”.
Nah there will be, but it won’t make a difference. Why stop when they keep winning?
One of the funniest things I read was a WSJ article on tariffs, in the comment section. Along with a lot of copium about how they, personally, don’t buy such items, some dumbass bitching that WSJ - that’s right, the Wall Street Journal - is showing their bias against donvict.
The ONLY gloom and doom articles I saw in WSJ during Biden’s high inflation term were in the opinion section. Your bias is clearly showing …
Apparently, reporting on items likely to be affected by the donvict taxes on goods is “bias”. That WSJ, always known for their extremist progressive WOKE agenda and their “TDS”. LOL
Yea! That’s the way Republicans and Trump support the economy!
I wonder if we outsiders have to rebuild the American economy with foreign aid and a new Marshall plan in 2029…
I hope so, for the love of God please… America cannot be left to its own devices, Americans will die if that happens.
If you’re protesting soon, go here for a safe communication app: https://briarproject.org/
The premise of this article is that the market is a great oracle that reveals truth. Fucking liberals.
random short-term daily market fluctuation vs. long term data?
- People who want to predict the future based on random fluctuation: Impossible;
The best stock market.
