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.

  • TsarVul@lemmy.world
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    22 days ago

    What do you mean? It did fall and the article links to each respective stock. As of writing this comment, DJI fell 337 points, NASDAQ fell 54, S&P 500 fell 30 points.

    They are being truthful.

    • SpaceNoodle@lemmy.world
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      22 days ago

      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.

      • TsarVul@lemmy.world
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        22 days ago

        OK but they did fall rapidly, and one can only surmise it’s because of the announcement of more tariffs.