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.
I never said I was. Trump promised tariffs on EU countries and stocks went down. I’ll grant you they didn’t go down by a lot, but I don’t think the article was being disingenuous.
There have been bigger day swings in the last couple weeks than there was with this announcement.
Thats what the stock market does and everyone always zooms into a 1hr chart to show a dip as if it didnt go back up by extended session close that same day.
OK if you say so. How would one ascertain whether these comments had an effect?
As far as I know, when state of affairs becomes uncertain, stocks go down. That’s the extent of my knowledge as pertaining to stocks. I figure that announcements of tariffs bring uncertainty in the long-term.