Guys, Significant drop in US stock market: Dow sinks. Are Trumps tariffs taking effect?

[Anonymous]

[Spencer10]

Trump has betrayed Ukraine, Europe, Mexico, Canada and the people who voted for him... remember he promised to fix the economy and lower the cost of living. Well this is sure not the way to do it. Trump voters only have themselves to blame...

[Asker]

Yeah.. China also got tariffs on them by Trump 20% along with the existing ones

[monorprise]

We are not on Ukraine's side, Europe is worthless, and Canada and Mexico have either via neglect or subversion been collaborating with enemies of America.

In all cases America is moving away from free trade given its effect upon the American Middle class.

Turns out trading with poor people who have too few rich, just drives down wages to the global average.

We are willing to work with Canada and Mexico but they have to play by our rules in terms of trade.

If they want their "independence" they will have to deal with that.

[knottyguy]

Yes, and they will only make things worse

[Anonymous]

yes, they are having the desired effect. Countries that have had tariffs on the US for years, now have tariffs placed on them by the US. How can anyone argue that isn't fair? The US is nobody's bitch any longer. Tax us, we tax you. The end. Personally, I look forward to the US stopping its practice of paying some farmers NOT to grow during certain years. Let's pump up that production and feed our own people. We don't need to be buying potatoes from fucking Canada any longer.

[Asker]

Ok diva

[abc3643]

It's not just tariffs.
Trump is making the world unstable and people with money don't like instability. The go conservative with their cash pulling out of the stock market and either keeping it as cash or investing in stable things like T-bills.

[Douglas1180]

If you invested in a company that relied on foreign imports, wouldn't you sell it?

[Asker]

Who is you gravy train now?

[Douglas1180]

I don't really invest in volatile stuff, but if I had Intel, I'd sell it and buy TSMC. But here's the weird thing, they're shifting semiconductor manufacturing to the US, however, are owned by Tawain?

[Asker]

if you are single message me

[Friendlybro79]

The tariffs haven't impacted us yet directly. The indirect effect on the market is due to fear that it will eventually impact us directly. Also, Trump is an idiot

[lightbulb27]

yes. trump noted decline possible. they'll only step in if gets bad enough I suspect.

[OneViewpoint]

What did you MAGA imbeciles think was gonna happen. Wait. The disaster is just beginning.

[exitseven]

The panic porn is taking effect. The thing the stock market hates the most is uncertainty.

[Asker]

Are we going to see Canada put tariffs on the US?

[exitseven]

Canada has had tariffs on US products for decades. I remember when they imposed a 1000% tariff on American dairy products. I remember when dairy farmers poured milk down the storm drains because they could not sell it to Canada. It was a long time ago, maybe 40 years but I still remember it. This is how long we have been getting screwed by our neighbor to the north. Nobody wanted to do anything about it until now.

[Asker]

Ok. What is the endgame for this in your opinion?

[exitseven]

I think Canada will want to negotiate a deal and loosen the tariffs on American products.

[GAGsucksballs89170]

The bad news is, it did go down. The good news is, the stock market reacts to certain things, so, we may see it go back up, we may see it fall even further, it all depends

[RedInnocent69]

It’s not direct, but a precursor. The investment community knows they’re a threat to the economy

[Staximus]

It was like 1%, big deal

[Asker]

Enjoy your eggs

[Staximus]

It went from like 43800 to 42700, big deal

[Asker]

Are you happy now?

[Staximus]

I give approximately zero fucks about the Dow Jones industrial average, stock market, price of eggs because of the chicken flu, etc etc

[Asker]

You are an angry person

[Staximus]

No, I just don't have time to care about that crap

[Friendlybro79]

You'll care eventually

[Staximus]

@Friendlybro79 I will give approximately zero fucks

[Friendlybro79]

I don't want your fucks but you will care about things when it affects you. Glad to hear you don't care right now and aren't affected. But fuck your fucks cause we're all fucked

[Friendlybro79]

And if you can't tell I'm just messing around so it's ok you don't care about what I say. I'm just kidding have a good night or not.. I can't tell you what the fuck to do.

[Anonymous]

Market is up today...