this post was submitted on 28 Mar 2025
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US stocks were sharply lower Friday as investors digested souring consumer sentiment and inflation data that showed an uptick in one of the Federal Reserve’s key gauges, underscoring the delicate state of the economy as businesses brace for President Donald Trump’s tariffs.

The Dow tumbled 750 points, or 1.77%, on Friday. The broader S&P 500 fell 2.1% and the Nasdaq Composite slid 2.8%.

. . .

Wall Street was also grappling with Trump’s announcement on Wednesday of 25% tariffs on all cars shipped into the US, set to go into effect April 3. Trump also announced tariffs on car parts like engines and transmissions, set to take effect “no later than May 3,” according to the proclamation he signed.

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[–] [email protected] 6 points 1 week ago (3 children)

Thanks trump. (if he can take credit for Biden's economy then he can take credit for his ineptitude too)

[–] [email protected] 29 points 1 week ago

This isn't because of Bidens ineptitude though. This is entirely Trump's fault. Anyone with half a brain could predict this after attacking our allies and bringing up the tariffs.

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[–] [email protected] 42 points 1 week ago (11 children)
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[–] [email protected] 37 points 1 week ago (2 children)

I find it deeply funny that fascism is completely compatible with capitalism (it's arguably its end-state), but they're still tanking the economy because Trump doesn't understand tariffs.

[–] [email protected] 6 points 1 week ago (1 children)

They understand tariffs. They want stock prices to tank so they can rake in on slashed prices. This is just more and more of the same wealth transfer in the past 45 years, just so in our faces that people don't want to believe it's happening.

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[–] [email protected] 30 points 1 week ago (1 children)

Fascism ultimately tanks any system because it prices loyalty above all else and you inevitably end up without any compitent people in charge.

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[–] [email protected] 12 points 1 week ago

Meanwhile, the CAC40...

[–] [email protected] 1 points 1 week ago

Good.... goood...

[–] [email protected] 16 points 1 week ago* (last edited 1 week ago) (6 children)

Personally, I am guessing that the American Dollar will end up like the Weimer Republic's currencies.

I am removing my life savings from the bank and turning them into Euros. Everyone's economy will dip, but I am pretty certain America will have a Greater Depression. Unlike the Great Depression or the Weimer Republic, the annihilation of government agencies and fiscal instruments is deliberate & total.

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[–] [email protected] 3 points 1 week ago* (last edited 1 week ago)

Why is Captain Kirk chilling at the Dow?

[–] [email protected] 5 points 1 week ago* (last edited 1 week ago) (1 children)

Wow who would have thought a demented orange traitor shitstain and his micropenis techbro side kick were absolutely imbeciles …..if only there had been signs

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[–] [email protected] 15 points 1 week ago (1 children)

Honestly, kinda surprised it is only dropping this much. Would have though the collapse of the free world as we know it to have more of an impact.

[–] [email protected] 6 points 1 week ago* (last edited 1 week ago) (1 children)

(extremely reddit voice) priced in

[–] [email protected] 2 points 1 week ago (1 children)

Damn it, who is buying the dip?

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[–] [email protected] 13 points 1 week ago (2 children)

It's hard to lie about stock prices, let's watch them continue to shout their propaganda as the riots start.

[–] [email protected] 37 points 1 week ago (1 children)
  1. They inherited Biden's economy

  2. trump can't affect anything so soon

  3. It would be worse under Kamala

  4. We'll just have to suffer a little pain while trump fixes things

Take your pick of weak excuse

[–] [email protected] 16 points 1 week ago (1 children)

At this point the people that still like trump would happily live in a cardboard box as long as people they didn't like were denied a cardboard box

[–] [email protected] 7 points 1 week ago

His supporters would clap and cheer in the dark while he unscrews the last lightbulb.

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[–] [email protected] 11 points 1 week ago

OMG... Trump was lying about fixing the economy? Please say it isn't so!

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