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.
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.
Would be cool if they stood up back when he said he would put tariffs on everything
This has already been debunked. Please stop spreading it or tag it as satire.
Can you provide a link because there doesn’t seem to be a reliable one.
Because it’s fake. It was debunked in the original thread discussing it.
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.
But the tariffs also pay the tax cuts that allow rich people to spend more and to invest more.
We saw how the stock market had nothing to do with the actual economic situation during Covid. While all indicators went down, stocks still went up.
As long as the core principal “US oligarchs get to profit of poorer people in the US and abroad” stays in place, probably the stock values will recover.
But the tariffs also pay the tax cuts that allow rich people to spend more and to invest more.
No. That assumes the US cannot operate on a deficit. It can and will. We don’t “fund” tax cuts unless someone responsible is overseeing the budget.
Not to mention, every billionaire has their money in the market somehow, they don’t have Scrooge McDuck gold piles. Inflation and market losses erode their money just like it erodes ours. Perhaps even more.
We saw how the stock market had nothing to do with the actual economic situation during Covid. While all indicators went down, stocks still went up.
COVID resulted in a marked recession for the global economy, and the US was no exception. But people still had money and spent it regularly, so it didn’t freefall the entire time and at times had rallies. The US stock market is mostly run by a series of competing trading algorithms with tight guardrails these days, for better and for worse. Generally though it does mean that modern nose-dives rarely result in true crashes.
