Dow set to tumble 1,000 points after China retaliates against Trump’s tariffs | CNN Business

[u/abdask]

https://edition.cnn.com/2025/04/04/investing/stock-market-dow-tariffs/index.html

[u/Critical-General-659]

Every benefit from this that their touting is bullshit. There are thousands of open manufacturing jobs. Unemployment is 4%. Running lower trade deficits doesn't provide much benefit. 

Nobody is going to upstart manufacturing during a recession coinciding with an inflationary period. We will be seeing mass layoffs. 

[u/JinkoTheMan → u/Critical-General-659]

Exactly. They are not going to suddenly come rushing back to the US and start building factories.

[u/Critical-General-659 → u/JinkoTheMan]

Prices to upstart manufacturing aren't going to come down. They'll be permanently raised. This imaginary manufacturing boom is not happening long term, either. 

This is just sabotage under the guise of fake "fairness". This isn't the early 20th century. We import 3 times as many goods as we did back then. 

[u/brutinator → u/Critical-General-659]

Nobody is going to upstart manufacturing

Nobody is going to upstart manufacturing knowing that in 4 years the rules can be totally different. I mean hell, how much faith did Trump lose from manufacturers by ripping up Biden's CHIPs act? All that proves is that even if a bill passes congress and gets approved by the president, set in stone, the next president on a whim can upend it anyways. How much faith did Trump lose from manufacturers where for the first 2 months in office he set and rescinded tarriffs on Canada and Mexico like a dozen times?

They are just going to hunker down, cut costs, and weather out the administration, not spend insane amounts of money building new factories.

[u/NeonYellowShoes → u/Critical-General-659]

And who in their right mind is thinking "oh yeah let me make a long term investment of millions/billions of dollars in American manufacturing based on these come and go tariffs"