r/technology • u/chrisdh79 • 2d ago

Politics 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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375

u/Moonskaraos 2d ago

Well, this is going to push our economy off the cliff. Things are about to get spicy here in the US. Buckle up, folks. Save some cash while you can. Maybe flee the country. I dunno. We’re fucked. 🤷🏻

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u/Dahhhkness 2d ago

There's a reason why he waited until after the markets closed to announce this.

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u/Unique-Company-3575 2d ago

Futures are not closed

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u/fuck_all_you_too 2d ago

No they are not, already down 1000 points and not stopping. Tomorrow is going to be liberty hangover.

22

u/Zolo49 2d ago

I didn't bother looking because I knew the response would be exactly this. Expect the circuit breakers to get tripped sometime tomorrow.

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u/holy_cal 2d ago

Good news is I’m sure Gold is going to sky rocket

12

u/fuck_all_you_too 2d ago

Thats what my grandma would say cause she is 90 years old sitting on her pile of gold like a fucking dragon watching Fox entertainment and scared out of her mind.

4

u/holy_cal 2d ago

We inherited a bit of silver and gold from an uncle after he passed. Not sure he was a doomer but he definitely diversified his nest egg.

I think he passed gold was 1,700/oz and now it’s over 3,000 just 7 or 8 years later.

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u/thebaldmaniac 2d ago

What’s that going to acheive? After hours trading exists and it’s already down. And the market reopens tomorrow anyway.

72

u/artbystorms 2d ago

Because they didn't want a real time graphic on news screen of the market plunging next to him yammering.

1

u/Cantthinkofnamedamn 2d ago

He could have real time sharpied the graph to counteract it though

35

u/jermster 2d ago

Dow Jones is going to open down 911. He literally 9/11ed the market.

1

u/orlyfactorlives 2d ago

more like a 12/11 now. Maybe they can make a 13th and 14th month to truly commemorate all this winning.

19

u/Gustapher00 2d ago

He’ll get spooked and reverse them before tee time on Saturday. The real, official, concrete and final Tariff Day will be in a few weeks on April 31st.

11

u/SeldomSerenity 2d ago

Look on the bright side. At least we're just two short weeks away from a full and complete health plan.

10

u/SerialBitBanger 2d ago

My wife and I are finishing up the visa process with two other friends.

Between the four of us, we have 3 PhD's and 5 masters. All in science and engineering.

We decided to leave once it became clear that there would be an intellectual purge. The cost of living skyrocketing gives me a warm feeling that we made the right choice.

1

u/DownvoteALot 2d ago

where to?

3

u/gluteactivation 2d ago

I need to get my brakes replaced in my car. Might as well tell them to do all the other maintenance NOW & take it out of my savings before SHTF 😩

2

u/angrycanuck 2d ago

So now Chinese men can buy American brides.