- cross-posted to:
- progressivepolitics@lemmy.world
- cross-posted to:
- progressivepolitics@lemmy.world
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.
The listed indices dropped an amount within the standard range that they regularly fluctuate. The dow is still up from where it was on january 1st. The same can be said for nasdaq and the s&p. Stocks are continuing to trend upward unabated, but they do wiggle as they do so.
Don’t ever trust the news when they say the market “plummets.” They use that term incredibly misleadingly. The lines on the charts wiggle constantly. When something bad happens some hack news sites will find a minor downward wiggle near the same time and they’ll claim causation and pretend that something significant happened to the markets, to drive clicks to their website.
The fact that most of the comments are taking the headline at face value is not a good sign.
plummets
I can’t believe it dropped 20% over… ooops I had the chart upside down my mistake