Dow tumbles 800 points as Trump confirms tariffs on Mexico/Canada start Tuesday

cnn.com

46 points·voisin··10 comments

The Dow isn't down because of tariffs, it's down because of OpenAI and the US just blowing up the Pax Americana... European defence stocks for example were way up in their session.

Defense stocks are up un Europe for a very obvious reason: Europe stands behind the Ukraine and the US has decided to abandon them.

Not like it actively plummeted as Trump spoke the words from his mouth at his presser yesterday? How in the world is a 20% tarriff on basically all goods in the US not a market-forcing factor in your mind?

Tariffs can be positive for the country enacting them. The US does have a strong hand here in a lot of sectors. Both China and Japan are fairly protective, for example, to their benefit.

However blowing up your influence in the world when a whole bunch of your corporations make a significant amount of income from the rest of the world is always going to be negative. Zero positive effects there.

This is on par with his crass negotiation methods. I myself would not panic or at least I personally would not make any financial decisions based on this just yet.

Until 800==650 the headline's off

The headline was written before the markets closed; it rebounded a little after.

Well now it's down another 700. Happy now?

If you have an appetite for risk and have liquidity, it could be an excellent buying opportunity

What do you have in mind?

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