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.

  • MrMcGasion@lemmy.world
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    5 hours ago

    Trump is already running with the line that the helicopter/plane collision was somehow Biden’s fault, even though Trump and “Justin Hammer” fucked with the FAA. That’s probably why they are speedrunning this collapse, they want to claim they inherited a mess, and shift blame for the consequences of their actions.

    • Queen HawlSera@lemm.ee
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      3 hours ago

      Which is one of two reasons why they keep screeching this “DEI Hires did 9/11!” nonsense

      1. It’s the only card they have for claiming Biden is responsible for Trump’s blunders
      2. It’s to manufacture consent for Trump’s plan to repeal the Civil Rights Act “in the interest of public safety”