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Stock market tanks after Trump confirms tariffs to start at midnight (www.dailymail.co.uk)

submitted 1 day ago by [email protected] to c/[email protected]

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The stock market plummeted after President Donald Trump confirmed tariffs on Canada and Mexico would go into effect at midnight.

The S&P 500 fell 1.8 percent, marking its worst day since December, the Dow Jones Industrial Index lost 1.5 percent and the tech-heavy Nasdaq was down 2.6 percent at market close.

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[–] [email protected] 13 points 1 day ago

Donald J. Trump tweet from 6 November 2012: "If the Dow drops 1,000 points in two days, the President should be impeached immediately!"

[–] [email protected] 15 points 1 day ago

He isn’t good for the economy even if that means the stock market.

Having said that, high volatility usually favours the rich so still on brand.

[–] cornshark 9 points 1 day ago (1 children)

With the stock market down 1.8%, I don't know how he can remain president for much longer

[–] Seleni 8 points 1 day ago

lol yeah

If 1.8 is a ‘Tank’, what will they call steeper drops?

[–] Grogon 5 points 1 day ago (1 children)

I can heal the tank but Im out of mana

[–] Iheartcheese 2 points 1 day ago

Votekick

[–] shalafi 2 points 1 day ago

Stock market blips:

Lemmy: "HA HA! GOING DOWN MUTHAFUCKER!"

Same with the Tesla stock blipping up and down. Some y'all got the political and economic sophistication of sophomores.

More to the point, you're exactly like conservatives, believing anything social media serves you, upvoting BS that aligns with your beliefs.

The real story here is the lack of hit on the market. I'm surprised the tariff news didn't hit far harder.