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Trump tariffs shock Wall Street; markets post worst day since 2020

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US stock markets are down by 10% since inauguration day; less than 3 months ago. that's a MASSIVE drop.

It means domestic businesses will have less capital to invest. And as tariff driven price increases make their way thru the system, it means consumers will buy less, cutting business income. Tяump has triggered a recession.
@ElwoodBlues Shit, companies were announcing layoffs within hours of the markets opening this morning.
luckranger71 · 51-55, M
1929, 1987, 2008, 2020, 2025. The Republicans have held the Presidency each time the market tanked. Unfortunately, 40% of the people will never make the connection.
whowasthatmaskedman · 70-79, M
@luckranger71 But the world has a watershed here...Does 40% of the nation being dangers to themselves and others justify building an economic croc filled moat around America and treating the place as a leper colony, getting on with trade and development without them? The first year wont be easy until relationships form anew...😷
MrAlmostCrazy · 46-50, M
And he goes away to golf!!
Amy78 · 46-50, F
It’s probably going to go down more.
Vin53 · M
And we all remember who was in office in 2020.
Crashing the stock market has become a monthly occurrence for Trump.
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chrisCA · M
That, and Trump has pissed off the penguins. 😂
SilkandLace2 · 46-50, M
@chrisCA Penguins?
chrisCA · M
@SilkandLace2 [media=https://tiktok.com/7489113178274827566]

 
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