DOW Futures Tumble 900 Points On Fear Of Trumps Tariffs Will Spark Trade War

[Winco]

The DOW was up 235 today. The S&P and NASDAQ also ended nicely in the green today.

https://finance.yahoo.com/news/live/stock-market-today-sp-500-nasdaq-set-to-tank-dow-to-drop-over-1000-points-as-trumps-tariffs-rip-through-markets-worldwide-000657448.html

 

[Dont Taz Me Bro]

Down over 1400 now

 

[Cellblock2429]

U.S. stock futures cratered as President Donald Trump unveiled sweeping tariffs of at least 10% and even higher for some countries, raising the risks of a global trade war that hits the already sputtering U.S. economy.

Futures tied to the Dow Jones Industrial Average lost 918 points, or 2.2%. S&P 500 futures dropped 3.2%. Nasdaq-100 futures lost 4.1%.

Dow futures tumble 1,000 points on fear Trump's tariffs will spark trade war — CNBC

Wednesday saw further volatility roil markets as tensions ran high ahead of Trump's announcement, but stocks ultimately ended the session in the green.

stocks.apple.com

Largest tax hike on the working class in history.

/—-/ Keep lying. Keep up the scare tactics. It’s all your side has.
Normal people understand if you buy American, you pay no tariffs.
DERP.

 

[Man With A Plan]

Down over 1400 now

The Market loves cheap money and lots of Government spending. Are you surprised they don't like sound fiscal policy that makes sense?

 

[JimH52]

Right, the working class in other countries hahaha

I feel bad for those stock portfolios. Poor things. Wall St doesn't make enough money.

You will pay for the tariffs trump and musk won't.

 

[JimH52]

People who choose to purchase subsidized Chinese goods over American goods. Buy American, pus bag.

And the factories will be built in a couple weeks? Dumbass

 

[22lcidw]

And the factories will be built in a couple weeks? Dumbass

They will be built though. The construction alone will create work with many tentacles of source products. Perhaps some of the lower paid service employment will make better wages from it.

 

[Street Juice]

And the factories will be built in a couple weeks? Dumbass

If you choose not to purchase Chinese goods and instead buy comparable goods made in other nations or the USA, then you do not pay the tariff.

China loses the sale. This is why Beijing, which runs $350 billion to $400 billion in annual trade surpluses at our expense is howling loudest. Should Donald Trump impose that 25% tariff on all $500 billion in Chinese exports to the USA, it would cripple China’s economy. Factories seeking assured access to the U.S. market would flee in panic from the Middle Kingdom.

Tariffs were the taxes that made America great. They were the taxes relied upon by the first and greatest of our early statesmen, before the coming of the globalists Woodrow Wilson and FDR.

Tariffs, to protect manufacturers and jobs, were the Republican Party’s path to power and prosperity in the 19th and 20th centuries, before the rise of the Rockefeller Eastern liberal establishment and its embrace of the British-bred heresy of unfettered free trade.

The Tariff Act of 1789 was enacted with the declared purpose, “the encouragement and protection of manufactures.” It was the second act passed by the first Congress led by Speaker James Madison. It was crafted by Alexander Hamilton and signed by President Washington.

After the War of 1812, President Madison, backed by Henry Clay and John Calhoun and ex-Presidents Jefferson and Adams, enacted the Tariff of 1816 to price British textiles out of competition, so Americans would build the new factories and capture the booming U.S. market. It worked.

Tariffs financed Mr. Lincoln’s War. The Tariff of 1890 bears the name of Ohio Congressman and future President William McKinley, who said that a foreign manufacturer “has no right or claim to equality with our own. … He pays no taxes. He performs no civil duties.”

That is economic patriotism, putting America and Americans first.

 

[skews13]

As expected....the market doesn't like the unknown. When the dust settles it could very well
go in the opposite direction of todays futures.

Before the election, we had record stock market gains on a daily basis. We had 4% growth, stable energy prices, record job numbers, falling core inflation, the best economic recovery from the pandemic, and a strong trade partnership with our allies with companies from abroad building manufacturing centers here.

Now we have whatever it is you're doing.

 

[JimH52]

Before the election, we had record stock market gains on a daily basis. We had 4% growth, stable energy prices, record job numbers, falling core inflation, the best economic recovery from the pandemic, and a strong trade partnership with our allies with companies from abroad building manufacturing centers here.

Now we have whatever it is you're doing.

And hearing a lot of buyer's remorse. Perhaps his image should go on go in a new mountain called Mount Toiletmore?

Third term?....more like a Third Impeachment.

 

[skews13]

And hearing a lot of buyer's remorse. Perhaps his image should go on go in a new mountain called Mount Toiletmore?

Third term?....more like a Third Impeachment.

$2,000,000,000,000 wiped out.

 

[EvilCat Breath]

Down over 1400 now

Is this your lie for Apriil 3?

 

[dudmuck]

People who choose to purchase subsidized Chinese goods over American goods. Buy American, pus bag.

 

[Street Juice]

That's right. We gonna consume our way to prosperity LOL

The tariffs are one of the few things this administration is getting right.

 

[dudmuck]

That's right. We gonna consume our way to prosperity LOL

The tariffs are one of the few things this administration is getting right.

alot of our income depends on selling exports to other countries.

 

[Mac1958]

And hearing a lot of buyer's remorse. Perhaps his image should go on go in a new mountain called Mount Toiletmore?

Third term?....more like a Third Impeachment.

This shouldn’t be about another impeachment.

It should be about the 25th Amendment.

 

[debbiedowner]

Dow Jones Futures, E-mini​

Continuous contract

YM1!

CBOT

Market open
37,072USDD
−1,458−3.78%

Sunday evening

 

[JimH52]

This shouldn’t be about another impeachment.

It should be about the 25th Amendment.

That could be a solution...cause trump is a child.

 

[debbiedowner]

At the moment stock market down 1600 this morning.

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[Mac1958]

So everything just spiked for a moment (9:45 to 10:15) when there was (is?) a rumor that Trump is going to reverse on the tariffs.

Fucking idiot.

What an embarassment.