Global markets in turmoil as Trump tariffs wipe $2.5tn off Wall Street
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His handler's goal is to dismantle the US. He doesn't know what he's doing, he just knows he gets to sniff the mushroom every time he follows orders
Putin could not possibly have any dirt on Trump that is worse than the publicly available knowledge we have of his personality and activities. If he's working with Russia it's because he wants to, not because he's being coerced.
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I wouldn't say all of them are in turmoil, the US markets have been hit about twice as hard. And most of my European stocks actually went up today.
Lol
I'm only invested in broad market from all over the world, everything is down on average.
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So much winning!
You should also hold the non voters accountable.
As far as I'm concerned if you didn't vote against him then you're also to blame.
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What about the morons who ran a candidate with very public dementia?
Yeah. That's how sycophantic the Republicans are.
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As world leaders reacted to the US president’s “liberation day” tariff policies demolishing the international trading order, about $2.5tn (£1.9tn) was wiped off Wall Street and share prices in other financial centres across the globe.
World leaders from Brussels to Beijing rounded on Trump. China condemned “unilateral bullying” practices and the EU said it was drawing up countermeasures.
While Trump timed his Wednesday evening Rose Garden address to avoid live tickers of crashing stock markets, that fate arrived when Asian exchanges opened hours later.
As long as American products are not competitive in international markets, be it because of price, quality, or marketability, there will always be a trade deficit.
Just take cars. The US produces cars basically for the American market only. No other country produces or uses cars like that. But they all produce cars they like, that other countries like, and even Americans like.
American car companies cannot expect to sell goods to other countries that simply have no markets in those countries.
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Putin could not possibly have any dirt on Trump that is worse than the publicly available knowledge we have of his personality and activities. If he's working with Russia it's because he wants to, not because he's being coerced.
If Trump is a Russian asset as we all believe then Putin will have irrefutable proof that would be able to put Trump in prison.
He’s also likely to have evidence of other crimes that everyone is pretty sure that he has done and is doing.
A lot of the publicly available stuff has a lack of evidence, a lack of motivation to get the evidence or a lack of will to impeach and prosecute a sitting president. It’s possible that Putin could release enough information to overcome those barriers.
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Putin could not possibly have any dirt on Trump that is worse than the publicly available knowledge we have of his personality and activities. If he's working with Russia it's because he wants to, not because he's being coerced.
Putin will have dirt that trump thinks is important, like that he has a comb over or some other trivial crap.
That the whole world knows he's a weird, small handed, incontinent, idiot doesn't register with his own opinion of himself.
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As long as American products are not competitive in international markets, be it because of price, quality, or marketability, there will always be a trade deficit.
Just take cars. The US produces cars basically for the American market only. No other country produces or uses cars like that. But they all produce cars they like, that other countries like, and even Americans like.
American car companies cannot expect to sell goods to other countries that simply have no markets in those countries.
From a UK perspective, a lot of US cars would be illegal to drive on public roads here - too large, too dangerous for pedestrians and other road users. "Dangerous" also applies to some of your other potential exports too. Chlorinated chicken, for instance, isn't considered safe for consumption. So the absence of a market for those goods isn't simply "customer preference".
As a European, we've been too dependent on the US on some things for too long. We need to be more independent. The situation in Ukraine has shown that; we need to be able to support our allies better. But the US trashing their own economy, making themselves into global pariahs and handing over their superpower status to China is what I would have described as "not my dream way" of achieving that.
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The biggest take away I see from this is how easy it was to remove $2.5 trillion dollars .... yet the world didn't end.
I mean, the stock market is still up 5% or so from a year ago. Which doesn't refute your point that it's disconnected from reality, but rather that the wealthy people are not exactly suffering due to a single day or even a few weeks of market losses.
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From a UK perspective, a lot of US cars would be illegal to drive on public roads here - too large, too dangerous for pedestrians and other road users. "Dangerous" also applies to some of your other potential exports too. Chlorinated chicken, for instance, isn't considered safe for consumption. So the absence of a market for those goods isn't simply "customer preference".
As a European, we've been too dependent on the US on some things for too long. We need to be more independent. The situation in Ukraine has shown that; we need to be able to support our allies better. But the US trashing their own economy, making themselves into global pariahs and handing over their superpower status to China is what I would have described as "not my dream way" of achieving that.
Apart from the point that I'm not an American, I consider the issues you raised as part of "marketablility" -- if it is so unsafe that it is illegal here, you can't bring it on the market. But it also includes issues like American cars simply being to big for European roads (I recently had an issue with a US brand pickup truck driver noticing that the car is too big for the city's underground car park. As he was in the queue in front of me, it took a while to sort this mess out).
That we Europeans have to stick closer together is something I preach for decades now, If Trumps tantrums finally helps some European politicians to see the light, so be it. And if this leads to taking down American market dominance at the same time, I'm not going to cry a river.
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