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Trump's 10% drop in the dollar, when combined with Trump's new 10% tariffs (and not even counting all his other special tariffs on dozens of countries), means that things are going to get at least 20% more expensive for Americans. Even if he dropped his 10% tariffs right now plus all his many other tariffs, things would still cost 10% more because of his mismanagement of the economy.

And remember, all of this is illegal. All tariffs are supposed to go thru congress. Presidents are not supposed to have the power to unilaterally impose gigantic Trump tax increases on Americans. The Smoot Hawley tariffs of 1930, which were smaller than Trump's tariffs and resulted in an unemployment rate of 23.6% two years later, were passed by congress and merely signed by President Herbert Hoover. Presidents are only allowed to impose unilateral tariffs during "emergencies". Treason Trump never even specified what the "emergency" was, let alone justified it.

Conservatives like to be lied to.

Q kooks prove that conservatives like to be lied to.

Sandyhook kooks prove that conservatives like to be lied to.

Pizza shop kooks prove that conservatives like to be lied to.

Birther kooks (Obama was a Muslim) prove that conservatives like to be lied to.

Bircher kooks (Ike was a Communist) prove that conservatives like to be lied to.

Start the Steal kooks prove that conservatives like to be lied to.

Hermain Cain kooks prove that conservatives like to be lied to.

Ivermectin cures Covid kooks prove that conservatives like to be lied to.

Laetrile cures Cancer kooks prove that conservatives like to be lied to.

Pet eater kooks prove that conservatives like to be lied to.

Ukraine attacked Russia kooks prove that conservatives like to be lied to.

. US police also kill and hospitalize more people than Chinese police.

LMFAO you aren't the slightest bit credible. Just in this one region alone the Chinese dictatorship threw in jail 1 million people none of whom were criminals.

https://www.bbc.com/news/world-asia-china-22278037

[China has been accused of committing crimes against humanity and possibly genocide against the Uyghur population and other mostly-Muslim ethnic groups in the north-western region of Xinjiang.

Human rights groups believe China has detained more than one million Uyghurs against their will over the past few years in a large network of what the state calls "re-education camps", and sentenced hundreds of thousands to prison terms.

A series of police files obtained by the BBC in 2022 has revealed details of China's use of these camps and described the routine use of armed officers and the existence of a shoot-to-kill policy for those trying to escape.

The US is among several countries to have previously accused China of committing genocide in Xinjiang. The leading human rights groups Amnesty and Human Rights Watch have published reports accusing China of crimes against humanity.]

It's not 'nationalist rhetoric' to be wary of dictatorships. Nobody would care if this was a corporation from the Republic of China. That is the country and people that Americans were huge friends with during and before WWII.

The exact same can be said about the US, Bozo

No it can't, stupid person. The US doesn't have an anti-capitalist political party that owns all the capitalist corporations and doesn't allow the people to chose their own leaders from other parties or even the leader of the only party.

Says the party that can’t stop squealing American First every chance they get.

I'm not in that party. I am Dem. And it is not about nationalism. The Chinese dictatorship has killed tens of millions of Chinese. Why is a dictator okay for Chinese but not for Americans? To be thinking that sounds racist to me.

Cut the bullshit, nobody with half a brain cell left is falling for it.

LMFAO. Nobody with half a brain cell left thinks it is okay for China to have a dictator who has killed millions of Chinese. It also sounds racist to be thinking it was okay that someone killed tens of millions of Chinese as if their lives aren't important.

I hate these “and then people pitched in to help” stories.

These are known as "feel-good feel-bad" stories.

https://thinkprogress.org/do-the-impossible-never-complain-live-the-dream-the-dark-morals-of-todays-feel-good-stories-63b38b4a4953/

The headline did not say 4% of the market. It said a large number without context.

You could have checked the context of total S&P market cap before concluding that $2 trillion was an 'insignificant' number.

and the kind of reporting that leads to it.

CNBC is a highly reputable financial news source. It was wrong to be thinking and suggesting their reporting was bad.

Why are you responding with new information? My critique this whole time has been about this specific article

Okay. I guess my criticism is with the assumptions you made. When you said "the fact that the trend happened to continue this time..." it shows that you think of the stock market as a random casino divorced from real events. If you had known what the reason was for the huge drop on the first day and that it was tied to major past historical events, you would have also known that it was highly likely to continue on the next day.

In summary:

Your assumption that CNBC was a non reputable news source with some sort of agenda was wrong.

Your view of the stock market as a random casino and yesterday's huge drop as a random one-off event not likely to be repeated was wrong.

Your assumption that $2 trillion was an insignificant fraction of total market cap was wrong.

I'm just saying, maybe be a little more cautious next time about throwing your spin on things if it is not something you personally participate in.

The AXIS OF EVIL (2025 edition)

Traitorapist Trump - War Criminal Putin - Comrade Xi - Caligula Jong Un

Its not about nationalism. Nobody would care if this was a Taiwan company. Communist China is a dictatorship that has killed tens if not hundreds of millions of Chinese. The current dictator was supposed to step down after 10 years but he didn't do that.

Every business in China has “ties to the CCP.” That’s how it works over there

Than that proves that China is extremely fucked up. What is the justification for the CCP to exist at all if it is going to manage a bunch of capitalist corporations? How come they haven't dissolved the Communist Party since it serves no purpose except to enrich the dictators and elites?

Anti-CCP rhetoric from white rural conservatives is just patent racism

That makes no sense since there is no bias against the Republic of China on Taiwan.

This link shows that the CCP has literally caused the deaths of tens if not hundreds of millions of Chinese. Why the fuck would anybody NOT be "anti-CCP"?

https://en.wikipedia.org/wiki/Mass_killings_under_communist_regimes

Trump imposed on us not just the biggest tax increase in US history, but a tax increase that will be disproportionately paid by lower and middle income people. In case you are not yet aware, these are not random market fluctuations. Trump's tariffs that average +20% overall are bigger than the Smoot Harley tariffs that caused the Great Depression. The immediate market drop happened because of the historical parallels. The total market drop of the S&P in the last 2 days is 10% of market cap. But because of Recency Bias and/or ignorance of history, some people will need to see this play out. And so every day that people hear the news of another country retaliating against US tariffs, there is likely to be more market drops in reaction. Also, when we hear the actual news about lower earnings and fewer exports and more layoffs (e.g Stellantis) and higher prices.

https://en.wikipedia.org/wiki/Smoot%E2%80%93Hawley_Tariff_Act