Mark down March 3, 2025. That was the day Wall Street finally realized that US President Donald Trump was serious about tariffs. On Monday, the S&P 500 fell nearly 2 percent as Trump confirmed what we at the Atlantic Council predicted in February—that the tariffs on Canada and Mexico were not mere threats, but actually likely to be implemented. The stock markets continued to fall on Tuesday as investors processed the news.
Can you provide a link because there doesn’t seem to be a reliable one.
His own class is going to betray him because he is the dumbest motherfucker alive. Republicans wont give a shit what he does with social policy but when he starts meddling in the economy and big business suffers, when their profits suffer, they get pissed. Conspiracy theory territory: if there is a super high secret gang of open market supporting puppeteers, they probably arent too happy with trump.
I don’t think I’m gonna be wrong about this, but I bet that all of the points that were lost in the Dow Jones and the NASDAQ and the S&P 500 index funds will probably be recovered within the next couple of days because companies will remember that in order to keep all their money all they have to do is raise the prices on everything….
Yeah, but let’s consider what happens:
- Tariff applied
- Prices go up
- Supermarket trolleyfull becomes more expensive
- People have less money to buy other things
- Companies sell less
- Company profits fall
- Stock valuation drops
- GDP falls
That’s why the Dow Jones and S&P are lower - this shrinks company profits and US GDP.
Would be cool if they stood up back when he said he would put tariffs on everything
