Obliteration Day : The April 2 Tariffs

[Replay]

Trump's "Liberation Day" plans have finally been announced, and the essence of it is a universal 20% reciprocal tariff on any nation with a tariff against the United States.

https://www.usatoday.com/story/news/pol ... 731267007/

Real talk, I thought Republicans hated taxes. But apparently they're okay on foreigners and Americans who work with foreigners?

As an investor I am heavily in cash right now. I think markets may get worse before they get better. This Administration is mean, it is out of touch and its economic policies are very bad.

[Eric]

It's all so incredibly stupid.

[Replay]

It really is.

Trump literally waited until markets closed to make the announcement. So futures tanked, markets will crater again tomorrow, and crypto tanked the second he revealed the tariffs.

I have never seen a President *cause a global recession* from an all-time-high stock market like this, ever.

[Replay]

Dow drops 1000+ points AT THE OPENING BELL.

Be careful with your investment and retirement accounts, everyone.

There's really no lower bound to how bad this policy set can be for the economy if they don't back down on it.

[Replay]

$6 trillion in value erased in two days.

[Oracle]

/Looks at his pension

Need to stop doing that for a while....

[Replay]

Seen on social media:

"Anyone need a slightly used 401k? Gently depreciated, only driven to work on weekdays"

[Don]

You often see experts say that stock market doesn't reflect the health of the economy when stock market is doing great but the economy is not. So I guess now we found out it doesn't work the other way around.