Stock Market Plummets as Trump Announces New Tariff War
newrepublic.com
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.

  • CircuitGuy@lemmy.world
    2·
    5 hours ago

    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.