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Nonilex @Nonilex@masto.ai
U.S. #stocks tumble on global #TradeWar fears over new #tariffs
#Trump's sweeping tariff announcement Wednesday triggered a sharp drop in U.S. stock markets, a flashing-red warning sign of the economic fallout that's expected to result from the widening trade war.
The Dow Jones Industrial Average tumbled over 1,200 points, or 2.9%, Thursday within minutes of the opening bell. The broader S&P 500 index sank 3.4%.
#economy #recession #trumpcession
https://www.npr.org/2025/04/03/nx-s1-5350576/u-s-stocks-fall-tariffs-global-trade-war
NPR · Dow drops over 1,200 points at open on trade war fears over new tariffs
@Nonilex welp, there goes the middle class.
@Nonilex
I suppose it's too much to hope for that Trump would be throttled by enraged economists or outraged stockbrokers..
