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Investors flee U.S. stocks as markets react sharply to Trump's tariff plan (www.nbcnews.com)

submitted 4 months ago by MicroWave@lemmy.world to c/economics@lemmy.world

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Summary

Markets tumbled after Trump’s sweeping tariff announcement, with S&P 500 futures dropping 3.5%, Nasdaq 100 down over 4.3%, and Dow futures falling 1,000 points.

Analysts called the tariffs "worse than the worst case scenario." Major companies like Apple, Amazon, and Nike saw stock declines up to 7%.

Retailers reliant on imports, like Five Below and Dollar Tree, plunged more than 11%.

Goldman Sachs warned tariffs could raise foreign car prices by $15,000. Treasury Secretary Scott Bessent dismissed after-hours moves, blaming volatility over policy concerns.

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[–] RootAccess@lemmynsfw.com 1 points 4 months ago

I'm not saying you're wrong, but I'm not the only Canadian teaching my young children how feckless and cowardly Americans are, culturally. "There is nothing I can do" is a punchline.