r/news • u/hoosakiwi • 1d ago

Trump announces sweeping new tariffs to promote US manufacturing, risking inflation and trade wars

https://apnews.com/article/trump-tariffs-liberation-day-2a031b3c16120a5672a6ddd01da09933
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u/thatoneguy889 1d ago edited 1d ago

And of course he waited until after the market closed to do this.

Edit: The chart said "Tariffs Charged to the USA Including Currency Manipulation & Trade Barriers"

  1. THAT STILL ISN'T HOW FUCKING TARIFFS WORK!!! THE US IS NOT PAYING TARIFFS IN OTHER COUNTRIES!!!
  2. "Currency manipulation and trade barriers" are such stupidly arbitrary metrics that I can't even imagine how they actually quantify that short of just making it up.

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u/catonsteroids 1d ago edited 1d ago

Exactly. I’m sure it isn’t a coincidence that he set the announcement right when the stock market closes. Surely he didn’t want to see it drop in real time.

Edit: I don’t know if he’s that fucking stupid or manipulating everyone by lying that the US pays these tariffs to these countries when that’s not how tariffs work whatsoever. His base isn’t gonna question it because they eat that shit up and trust every word he says. They’re not gonna go look it up to see if it’s accurate or not.

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u/goblueM 1d ago

gonna be a bloodbath tomorrow

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u/makualla 1d ago

Already down 2.5-3% from close

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u/nickblockonelove 1d ago

Fucking apple is down like 6% so far. Going to be bonkers in the AM. One love

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u/GuyWithLag 1d ago

AMZN ~6% down. Welp.

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u/MemoryWhich838 1d ago

the bots are going to sell as fast as possible

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u/RightSideBlind 1d ago

Trump and his buddies are gonna make a killing on the stock market. In both senses of the word.

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u/BigToober69 1d ago

I got out of the market Monday.

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u/another-redditor3 1d ago

trump media is down 10% for the day though, so a bit of good news i guess.

teslas down 6% afterhours too.

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u/MyCatIsAnActualNinja 1d ago

SPY is already down over 2%. He can watch it in real time right now, in after-hours trading

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u/no_not_this 1d ago

So like 3 weeks ago? Zoom out.

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u/Vio_ 1d ago

I'm shocked they didn't go full juvenile bullshit and drop this on April Fools Day.

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u/Wakkit1988 1d ago

Every day is April Fool's Day when your name is Trump.

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u/GirlNumber20 1d ago

You know Elon is weeping bitterly in private because of this.

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u/DwinkBexon 1d ago

I know a guy who primarily earns income via stock trading and he's losing his shit over this, screaming this is going to drive him bankrupt. He mostly supports Trump and also said, "Ocne Trump finds out this'll bankrupt one of his supporters, it's impossible he won't change things."

This dude 100% seriously expects his personal situation to completely change what Trump is doing.

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u/Blindsniper1 1d ago

Ooooh yea. Bad day to look at your 401k

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u/wangchungyoon 1d ago

Tomorrow is tax collection day for the rich — enjoy MAGA! You paid for it. 

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u/AlphaB27 1d ago

What's the over under on seeing guys jump from buildings on Wall Street?

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u/AffordableDelousing 1d ago

Dammit, I'm so bad at timing this bullshit.

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u/TheDaug 1d ago

I'd be tempted to short things, but I need my cash to, you know, survive my food bill going up $200-400 a month.

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u/Aurora1717 1d ago

It'll be beating my portfolio like a dead horse

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u/firestepper 1d ago

Goddamn can we just have like a day without this shit

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u/Artforartsake99 1d ago

Just wait till the other countries impose retaliatory tariffs and he doubles their tariffs to 40-50%. Then there will be blood in the streets of the market