The Dow Jones Industrial Average fell over 300 points in morning trading following the announcement of new tariffs. The U.S. plans to double tariffs on Canadian steel and aluminum to 50%, effective March 12th. This decision responds to a 25% surcharge on electricity from Ontario, Canada. The escalation in trade tensions has caused significant market fluctuations. Ontario’s Premier Doug Ford criticized the move, stating that the tariffs are hurting the markets. The broader economic impact includes widespread layoffs of federal workers and cuts to government spending. Additionally, there are concerns about potential tariffs on cars and the overall economic outlook.
Simon Gosden. Esq. #fbpe 3.5%
@g_gosden
·
5h What started as an ugly day on Wall Street has turned downright hideous… The selloff was triggered, in part, by Trump refusing to rule out the possibility of a recession. The Dow has turned negative for the year
Shree Ram Raut
@FinTaxCoach
·
10h BREAKING: Wall Street crashed overnight, sparking a 3-week market sell-off! Investors fear US tariff policy could push us into a deep #recession. US markets took a hit: Dow -2.0%, S&P -2.6%, Nasdaq -4.5%. More details
Share_Talk ™
@Share_Talk
·
9m Karoline Leavitt, the
@WhiteHouse
press secretary, Briefs Members of the Media The US stock market appears to be reacting negatively to the ongoing White House press conference. The Nasdaq has dropped 1.3%, falling to 17,253 from 17,340.
ZZsheyn
@ZZsheyn
·
Jan 11, 2021 U.S. Stocks Drop on New Risks – The Wall Street Journal This is how the economy classically reacts to the socialist dictatorship !!!!!!!!!!!!!! https://apple.news/ArzeupI3cRT2Mgb_23Z9qrw…
471TO
@TOzgokmen
·
Mar 10 NEGATIVE FEEDBACK LOOP IS STARTING:
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Due to high leverage (15x, imo, not including the unregulated derivatives), dropping stocks mean less leverage available -> less money supply for financial markets -> DEFLATION in Wall Street
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