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.
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.
It didn’t “plummet” lol its less than a 1% change
Lololololololololol, fixing worthless Trumper pretending it’s not a big drop because percentages
It’s dropped to where it was on Thursday. We’ve had 4 bigger drops in the last month and it’s still up compared to where it was a month ago.
I didnt say it wasnt a drop. I just am pointing out that it’s not really a “plummet”
And I’m the opposite if a trumper lol
But we only have 99 left!
Literally this, it’s hard to take this messaging seriously with these kind of declarations
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;
I’m looking at both the dow and the nasdaq, and they look fine. Where is this “plummet” the article is referring to? Not that I think the tariffs are good, but let’s be truthful.
DJIA shorts are up 347% seems a lot of people are leaning towards a downside
Going down less than one percent is the opposite of a ‘plummet.’ It is literally indistinguishable from a normal daily fluctuation.
Furthermore, the market has overall gone up since.
OK but they did fall rapidly, and one can only surmise it’s because of the announcement of more tariffs.
The market is driven by emotion, which is why doing anything other than long term investing is risky. I’m sure the fluctuation was connected to his tariff announcements. You want to see a real fall? Wait until the tariffs become a thing and people realize he’s screwed up a functional system. I wonder how fast one can backtrack such things? If it wasn’t for the harm done to so many people, I’d love to see if it’s a Brexit level mess, or just a temporary hiccup once they reverse course.
Right, absolutely. I’m not saying that Herr Drumpf just kickstarted a recession and neither do I think that’s the claim that the article is trying to make. The market, however, had a very clear reaction to just the MENTION of tariffs. What happens when the details to these tariffs are released? What happens when they are actually implemented?
It will react with more details similarly. Like I said, it’s putting them into place that’s the real hit, and it will be much more than a stock market drop. I suppose tariffs do have a place in some circumstances, but he’s throwing darts, and none of them are stuck in the target.
Darts implies at least some degree of precision. This is just flinging shit wildly in all directions.
Right? -0.5% yesterday, -1.0% for the week. Totally normal and not deserving of any kind of adjective.
Certainly not saying Lady Trump’s actions won’t kill the stock market, but this ain’t it yet.
Press: ryrybang slams New Republic article!
Hold on now, that was a NASDAQ loss of nearly 0.75%. If the Americans do that 134 times in a row, all their money will be gone! How would they buy their eggs? /s
(1 - 0.0075)^134 ≈ 36.5%
If you’re going to “well, ACKchyuallllly” someone, it helps to have any idea what you’re talking about.
The DOW “plummeted” 337,47 points from 44.882,13 to 44.544,66, a reduction of ~0,75%. Given the drop wasn’t percentage based but was additionally expressed as a percentage of the previous closing price for context, it would require an additional ~132 similar drops to reach zero.
Now, you’re probably noticing I listed the DOW and ~132 drops here versus NASDAQ and 134 drops prior. That’s because I was making a joke and was not much concerned about details. This is because, unlike certain individuals, I am not one of the most insufferable types of people: the pedant.
Starting just after 11 AM EST, the S&P went down over 1%. It’s not a steep plunge; that kind of swing happened on Monday for AI, too, IIRC.
Right. The S and P 500 went down 0.5% yesterday, it’s a pretty typical trading day and still up over the last five days, month, six months and the year.
Trumps a lunatic, but one thing he does understand is business.
Not exactly what I would classify as a plummet, but we were seeing green numbers for the day and then they subsequently turned down once this was announced.
Still too early to say whether we’re going to be looking at any form of sharp downturn.
0.01% drop = plummet
0.01% rise = soar
It’s the law of finance headline writing
MAGA must be beside themselves with all this…. winning.
The best stock market.
Tariffs are the opposite of a “free market” measure and absolutely choke an interconnected economy. Look at the damage done to Cuba or North Korea by sanctions, it’s the same principle. Getting to the real meat of why this is happening is like a forensic case study. Doesn’t even benefit Trump unless he basically immediately reverses it and gives the old “see they capitulated to my demands” based on whatever random thing he dredges up.
It helps folks who are positioned to buy the dip.
As long as the stock/asset/etc. actually goes back up, yeah. And yeah, you can short a decline as well.
We need to seriously start planning states breaking up from the federal government.
California already got the ball rolling
If the don’t plan on seizing nukes then they’ll end up like Ukraine…
Yeah, the scenarios where a breakup of the union is feasible are… limited. Governors aren’t going to be able to seize the nukes or military assets needed to establish themselves on their own without some truly extraordinary changes that just haven’t come into being yet. Maybe one day, but it’s going to be a damned rough road before we get there.
Ah yeah, great plan, let’s fracture the empire while major corporations look on like vultures circling a corpse.
The sad truth is that without a strong, united US government, corporations are going to sieze complete control of any offshoots.
Have you not been paying attention? Corporations already run this country.
It can get worse.
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.
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.
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
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.
If you are a non-Trump voter in a red state, especially if you work for the flagship company or industry in that state, I would like to apologize on behalf of all Canadians for what our government is about to do. We don’t want to do it but it is the only way to deal with a bully.
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.
I would like to apologize on behalf of all Canadians for what our government is about to do.
Awfully nice of you Canadians to apologize in advance for defending yourselves - eh?
‘Significant losses’ being 30 points?
Yeah these people know jack shit about market variations.
The listed indices dropped an amount within the standard range that they regularly fluctuate. The dow is still up from where it was on january 1st. The same can be said for nasdaq and the s&p. Stocks are continuing to trend upward unabated, but they do wiggle as they do so.
Don’t ever trust the news when they say the market “plummets.” They use that term incredibly misleadingly. The lines on the charts wiggle constantly. When something bad happens some hack news sites will find a minor downward wiggle near the same time and they’ll claim causation and pretend that something significant happened to the markets, to drive clicks to their website.
The fact that most of the comments are taking the headline at face value is not a good sign.
plummets
I can’t believe it dropped 20% over… ooops I had the chart upside down my mistake
The post was about the futures which are down a whopping 1.6%
So yeah, market might open at the same price it did last week.
The article even mentions specifically the Dow Jones and S&P 500. Both of which are up this week by amounts that completely offset those future losses. I honestly have no clue what the article is talking about, it doesn’t seem to conform with trivial-to-search reality. We are just where we were last week, a place that is massively up over any notable time period before.
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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.
Are egg prices plummeting?
Where are all of the “I’m worried about the economy” voters at? Come on be loud and proud!
