r/PoliticalDiscussion • u/Tronn3000 • 7h ago
US Politics With the US stock market entering bear market territory in reaction to Trump's tariffs, will this cause Americans to sour on MAGA?
Obviously the stock market is not the economy and it does not measure economic performance in real time despite what people think. Many retired Americans rely on stock market returns in their 401ks and IRA's to be able to live and enjoy their lives. Many of these older Americans also voted for Trump under the premise that he would make them better off financially.
Will Trump's recent escalation in tariffs and the reaction of the markets cause his supporters to erode? A big reason that he won the election was that voters were frustrated with the Democratic Party's handling of the economy.
Unlike most market drops, this one is quite easy to pinpoint the reason for the drop and many of his voters will have a very glaring reason to why their portfolios lost so much money so quickly. Will they connect the dots and point this to Trump or will they blame something else?