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Investors flee U.S. stocks as markets react sharply to Trump's tariff plan (www.nbcnews.com)

submitted 5 days ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Summary

Markets tumbled after Trump’s sweeping tariff announcement, with S&P 500 futures dropping 3.5%, Nasdaq 100 down over 4.3%, and Dow futures falling 1,000 points.

Analysts called the tariffs "worse than the worst case scenario." Major companies like Apple, Amazon, and Nike saw stock declines up to 7%.

Retailers reliant on imports, like Five Below and Dollar Tree, plunged more than 11%.

Goldman Sachs warned tariffs could raise foreign car prices by $15,000. Treasury Secretary Scott Bessent dismissed after-hours moves, blaming volatility over policy concerns.

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[–] shalafi@lemmy.world 18 points 5 days ago (1 children)

And if he pulls back? Too fucking late, too late a month ago. No one will ever trust America again.

You motherfuckers bitching about work and capitalism and such, LOL. Wait till you have to live another Great Depression. I'm prepared to suffer, know how to live poor as dirt and eek out an existence. Good luck.

[–] atro_city@fedia.io 2 points 5 days ago (2 children)

I think you underestimate the news cycle and how forgetful people are. If Trump suddenly became friendly, there'd be politicians all over the world "breathing a sigh of relief" and saying "things are back to normal". They love the status quo.

[–] RootAccess@lemmynsfw.com 1 points 5 days ago

I'm not saying you're wrong, but I'm not the only Canadian teaching my young children how feckless and cowardly Americans are, culturally. "There is nothing I can do" is a punchline.