this post was submitted on 02 Apr 2025
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Economics

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Investors flee U.S. stocks as markets react sharply to Trump's tariff plan (www.nbcnews.com)
submitted 2 days ago by [email protected] to c/[email protected]
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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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[–] [email protected] 65 points 2 days ago (3 children)

Just to be clear. Trump just declared a 10% tariff on the planet Earth not including the United States. Think of a country, any country really, that isn't the United States. Got one? Good, that nation has 10% tariffs on whatever.

There's exceptions for very specific things. But overall, yeah the price of everything is now going up 10%.

Trump just started Trade War II. Like there's no need to guess what the rest of the fucking planet feels about this or what they'll do. It's literally the United States versus every other fucking person on this planet.

We ain't cooked, we're ash. This is literally the end of the world that was built out of the ashes of World War II. There is no coming back from this ever, this is the Rubicon.

[–] [email protected] 20 points 2 days ago

Correct, although when you tax everyone you ultimately just created a sales tax which is what the right has wanted all along since it impacts the poor the most. Hell, the fact that Five Below and Dollar Tree are impacted most make it even more obvious it's a tax on the poor.

They have no interest bringing back jobs, but man does it work well as a smokescreen for their base.

[–] [email protected] 14 points 2 days ago (2 children)

Can I get an F in the chat

[–] BingBong 11 points 2 days ago (1 children)

I had never heard Rubicon used outside of jeeps. Your comment piqued my interest and I learned something. Thank you.

[–] [email protected] 3 points 2 days ago

Alea iacta est

[–] [email protected] 48 points 2 days ago (1 children)

We should run the country like a business! Let's hire a guy that's bankrupted more companies that any other pretend billionaire!!

[–] [email protected] 13 points 2 days ago (1 children)

The guy who bankrupted a Casino.

[–] [email protected] 1 points 1 day ago

Should be a real red flag for ''looted the casino and bailed on his investors''

[–] [email protected] 32 points 2 days ago

"Blaming volatility over policy concerns."

....Yes. That's accurate. Fucking stupid policies tend to do that.

[–] [email protected] 30 points 2 days ago (1 children)

GG our economy going to die,

[–] [email protected] 11 points 2 days ago (1 children)

Mega corps tanking is the sus part here tbh

Tesla insiders been selling heavy and now looks like OGs too

[–] [email protected] 4 points 2 days ago

I mean Taiwan got hit 35 % tariffs its hurting the tech industry hard. Trump also Killed the Chips act.

[–] [email protected] 18 points 2 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.

[–] [email protected] 2 points 1 day 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.

[–] [email protected] 1 points 1 day 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.

[–] [email protected] 8 points 2 days ago

You mean Trump’s massive tax increase that’s crashing the value of assets that other rich people would love to buy up?

[–] [email protected] 12 points 2 days ago (1 children)

Damn, I started a high deductible health insurance and last month got it high enough to invest part of it.

Fingers crossed I'm still employed for a while to buy in at the lower prices, and I live long enough to recover.

Countries with national healthcare also don't have their healthcare dependent on the stock market. I'm jealous.

[–] [email protected] 9 points 2 days ago (3 children)

started a high deductible health insurance and last month got it high enough to invest part of it

Huh?

The deductible is the $ amount you will have to pay out of pocket before the co-insurance percentage will kick in and start covering 80% (or w/e) of the costs of covered services.

The deductible doesn't change, you can't get it higher - you can meet it for the year, or not have met it yet. It's just a total of money you've already spent, it can't be invested.

[–] [email protected] 7 points 2 days ago

BigMike probably has an HSA which you can invest if you have enough funds in it

[–] [email protected] 5 points 2 days ago

Usually high deductible plans come with a health savings account, that's probably what they're talking about.

[–] [email protected] 3 points 2 days ago (1 children)

Yeah, the Health Savings account HSA. Sorry, i forgot to go back and reread it to make sure the comment was complete.

[–] [email protected] 1 points 2 days ago

Yep, made sense as soon as HSA was mentioned!

I used to work explaining insurance to the elderly, so I'm primed to assume that someone massively misunderstood how it works. 😆

[–] [email protected] 10 points 2 days ago

Welp that goes my stock portfolio... Breathes in

[–] [email protected] 7 points 2 days ago

Who would have known?