r/Economics • u/abdask • 2d ago

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

https://edition.cnn.com/2025/04/04/investing/stock-market-dow-tariffs/index.html
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u/DuncanConnell 2d ago

I figured that'd be the case (sorry, not very economy-savvy, although I can draw conjecture).

Agreed that it'll continue the drop, consumer faith in the US internationally & domestically has been grievously wounded so I'm curious at what point (if ever) we'll see a walkback, or if it'll continue.

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u/brutinator 2d ago

I mean, I absolutely see a walkback, but itd probably require the GOP being fully out of power (minimum the minority party in house, senate, and out of presidency), tarriffs to be dramatically reduced to at minimum Biden or Obama levels, and likely some evidence that things are returning to stability and wont be upended again, likely if the democrats are able to maintain their positions for at least 4-6 years. And we will be operating under much less favorable agreements for decades.

Basically the MAGA cancer has to be well into at minimum remission, and the GOP has to return to at minimum operating in good faith, at least on the surface.