"It was a bloodbath on Wall Street today, as Trump’s ‘Liberation Day’ tariffs are liberating people from their retirement savings and investments. The Dow was down 2,231 (5.50%), NASDAQ was down 962 (5.82%), and Tesla was down a whopping 27.85 (10.42%)."

~ Ron Filipkowski

#Trump #tariffs #StockMarket #Dow #economy #recession #inflation #stupidity #incompetence #destruction #PutinsPoodle
/23

https://www.meidasplus.com/p/today-in-politics-bulletin-105-4425

"Since the re-installment of Russian Asset Trump, the US stock market has seen nearly ten trillion in value disappear, with five trillion erased over the past two days. According to multiple reports, this is the largest two-day loss in American history."

~ Heidi Siegmund Cuda

#Trump #tariffs #StockMarket #Dow #economy #recession #inflation #stupidity #incompetence #destruction #PutinsPoodle
/22

https://www.bettedangerous.com/p/bottoms-up

"This marks the worst week for the stock market since 2020, and only the fourth time in history that the Dow lost 2,000 points in a single day."

#Trump #tariffs #StockMarket #Dow #economy #recession #inflation #stupidity #incompetence #destruction
/22

"Stock market closes week in bloodbath as Trump’s tariffs cause historic two-day drop and wipe out $6 trillion.

The stock market closed with a bloodbath on Friday as the Dow Jones lost 2,231 points and the S&P 500 dropped 6 percent as investors are spooked about the impact of President Donald Trump’s tariff plan."

#Trump #tariffs #StockMarket #Dow #economy #recession #inflation #stupidity #incompetence #destruction
/21

~ Katie Hawkinson

https://www.independent.co.uk/news/world/americas/us-politics/stock-market-today-trump-tariffs-china-b2727712.html

"The sweeping package of tariffs unveiled by Donald Trump on Wednesday includes an exemption for the energy sector, which is a clear sign of the president’s fealty to his big oil donors over the American people, advocates say."

~ Dharna Noor

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction #BigOil #OilandGas #oligarchy #billionaires
/20

https://www.theguardian.com/us-news/2025/apr/04/trump-exempts-big-oil-donors-from-tariffs

As Edward Helmore reports, New York shopkeepers featuring imported goods are announcing that they will have to hike prices "astronomically" due to Trump's "liberation" tariffs.

Jennifer Pulidore of Myers of Keswick, a shop selling British groceries, says, 'The price of chocolate has gone up astronomically.'"

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/19

https://www.theguardian.com/us-news/2025/apr/04/trump-tariffs-small-business-nyc-prices

"The Chinese Ministry of Finance, calling @POTUS new tariffs on Chinese imports a 'typical act of unilateral bullying,' responds overnight with a 34% tariff on all goods imported from America. And so the President's trade war escalates."

~ Garrett Haake quoted by Greg Dworkin

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/18

https://www.dailykos.com/stories/2025/4/4/2314347/-Abbreviated-Pundit-Roundup-Trump-deliberately-tanks-the-economy-as-Republicans-sit-back-do-nothing

"The US dollar experienced its largest single-day decline on record, dropping by 2.1% against major currencies."

~ CNBC

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/17

https://www.cnbctv18.com/world/us-markets-live-today-dow-jones-djia-nasdaq-futures-trump-liberation-day-tariffs-liveblog-19583858.htm

"I’ve said before that Trump does not think of policy the way most of us do, operating instead like a low-level mob boss running a protection racket. Unfortunately, a bunch of rubes decided to give him another bite at the apple, and now the entire global economy has to pay up."

~ Marlon Weems

#Trump #tariffs #mob #MobBoss #sanctions #extortion #bullying #stupidity #incompetence
/6

https://thejourneyman.substack.com/p/here-comes-the-pain

"Experts said Trump’s sweeping border taxes of between 10% and 50% on the US’s traditional allies and enemies alike had dramatically added to the risk of a steep global downturn and a recession in the world’s biggest economy."

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/16

"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."

~ Richard Partington

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/15

https://www.theguardian.com/business/2025/apr/03/global-markets-turmoil-trump-tariffs-wall-street-downturn

"The pure insanity of Trump’s tariffs is best (ahem) personified by his inclusion of Heard and McDonald Islands, which are inhabited largely by penguins."

~ Marcy Wheeler

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #destruction
/14

https://www.emptywheel.net/2025/04/04/magats-confess-they-cannot-compete-with-penguins-on-level-playing-glacier/

"Business still hasn’t grasped how bad things are. For while tariffs are dominating the news right now, they’re part of a broader pattern of malignant stupidity. It may take a while before we see the effects of DOGE’s destruction of the government’s administrative capacity, or RFK Jr.’s destruction of health policy, but we will see those effects eventually."

~ Paul Krugman

#Trump #tariffs #StockMarket #economy #crash #recession #inflation #stupidity #incompetence
/13

https://paulkrugman.substack.com/p/how-a-con-man-president-is-destroying

“The vast majority of us will be worse off. It’s not that complicated: Tariffs are a tax. Some of that tax will be eaten by the foreign producer… some of it will be eaten by the importer. But a big chunk of it will be paid by American consumers.”

~ James Surowiecki

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #jobs
/12

https://zeteo.com/p/people-will-become-destitute-trumps-tariffs-backfire

"The economist puts the odds of a recession this year now at 60%, up from 40% before the tariff rollout. Even if the global economy does avoid a recession, the U.S. may not be as lucky, Kasman said."

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #jobs
/11

"The tariffs announced this week by President Donald Trump have significantly increased the chances of a U.S. and global economic downturn, according to JPMorgan. “These policies, if sustained, would likely push the US and possibly global economy into recession this year,” wrote head of global economic research Bruce Kasman in a note late Thursday."

~ Jesse Pound

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #jobs
/10

https://www.cnbc.com/2025/04/04/jpmorgan-raises-recession-odds-for-this-year-to-60percent.html

"The only legible purpose of the tariffs is for Trump to arrogate more power to himself: so that nations and corporate leaders and labor unions come begging him for relief, and so that he can shake them down."

~ Brian Beutler

#Trump #tariffs #mob #MobBoss #sanctions #extortion #bullying #stupidity #incompetence #Putin #PutinsPoodle
/5

https://www.offmessage.net/p/fighting-means-fighting

"According to a report from recruiting firm Challenger, Gray & Christmas released on Thursday, 275,240 people lost their jobs last month. That is a fuckton of people. In fact, it is the third highest number of jobs lost in a single month since they first started tracking job cuts in 1989, the other two being the first two months of the COVID pandemic.

~ Robyn Pennacchia

#Trump #tariffs #StockMarket #economy #recession #inflation #stupidity #incompetence #jobs
/9

https://www.wonkette.com/p/here-come-the-layoffs

Andy Kaczynski, quoted by Bulwark, reminds us of a "top banker" quoted by media after Trump's election, who said he felt "liberated" because he could now say the words "pu—y" and "ret-rd" with fear of being "cancelled." Kaczynski wonders if Financial Times can check in on that banker about how "liberated" he's feeling right now.

#Trump #tariffs #StockMarket #economy #crash #SmootHawley #recession #inflation #stupidity #incompetence #destruction
/8

Andrew Egger looks at how FOX News chose to handle Trump's "Liberation Day" as the market crashed: FOX opened the day digitally jubilant with an announcement that Trump has revived "the American dream."

But as the markets cratered, FOX began slowly burying all ledes with that news and fell silent about our "liberation" and how we've living "the American dream."

#Trump #tariffs #StockMarket #economy #crash #recession #inflation #stupidity #incompetence #Fox
/7

https://www.thebulwark.com/p/lamps-going-out-around-us-trump-markets-nato-american-decline