THREAD: market mayhem trumps tariff sparks
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News Timeline
TRUMP’S Bold Trade Shock Rocks Markets, Sparks Fear And Hope
— President Trump is set to announce tough new tariffs this week. His unpredictable style keeps Wall Street and America’s allies on edge. The latest 25% tariff on cars from Europe and Mexico caused the biggest stock market drop since 2020.
Elon Musk, a vocal Trump supporter, is stepping up his political game in Wisconsin. At a Green Bay event, Musk plans to give million-dollar checks to two men fighting activist judges. This move puts him front and center in the state’s Supreme Court race.
Inside the Pentagon, sources say there’s chaos as leaders scramble to keep up with Trump’s aggressive trade and immigration push. Despite distractions at home and abroad, Trump keeps pressing forward with his agenda.
While Biden battles lawsuits in courtrooms across the country, Trump faces legal fights of his own. With both sides under fire, Americans are left wondering what comes next as markets swing wildly and politics heat up.
TRUMP’S “Liberation DAY” Shocks Markets: Wall Street Reels as Tariffs Spark Global Showdown
— President Trump’s “Liberation Day” tariffs have rocked the markets. The Dow dropped more than 2,000 points on some days. The S&P 500 and Nasdaq both fell into bear market territory. These tariffs, reaching up to 125% for some countries, are the highest seen in a hundred years. China, the EU, and Japan are feeling the pain most. China hit back with its own tariffs on American goods. Japan’s finance minister warned of global trouble ahead. Still, US officials say they’re hopeful about future trade talks. Big companies are taking hits too. CarMax shares sank after weak earnings reports. Nvidia tumbled more than 20% from its high point this year. UnitedHealth lowered its profit forecast because Medicare costs keep rising. Experts think this wild ride will last until trade fights settle down. Some industries are holding up better than others under pressure. The Federal Reserve might cut rates three times this year if things get worse — some warn a financial crisis could happen if tariff chaos continues much longer.
TRUMP’S Trade Policy Shocks: US Stocks Plunge in Market Chaos
— The EURO has surged to a six-month high as investors react to the latest U.S. tariff announcements. Meanwhile, the Australian dollar has taken a hit, reflecting global market volatility. These currency shifts highlight ongoing economic uncertainties fueled by international trade tensions.
U.S. stock futures have plummeted after China’s retaliatory tariffs on American goods, marking another phase in the global trade conflict. The Dow Jones dropped 1,679 points, causing widespread concern among investors and financial strategists who urge calm and strategic planning during these turbulent times.
Bitcoin ETFs saw nearly $100 million in net outflows as markets reacted sharply to tariff news from the Trump administration. This exodus underscores investor anxiety and uncertainty about future economic conditions amid escalating trade disputes with China.
Goldman Sachs has revised its oil price forecasts downward due to fears of a potential recession and increased supply from OPEC+. Gold prices have steadied after an initial selloff triggered by aggressive U.S. tariff policies, indicating cautious optimism among investors seeking safe-haven assets in uncertain times.
TRUMP’S 10% Tarifts Spark Stock Market Chaos
— U.S. stocks plunged after President Trump announced a 10% tariff on all trading partners. The Dow dropped about 1,300 points, with the S&P 500 and Nasdaq also taking hits. Investors quickly reacted, showing concern over potential economic fallout.
President Trump plans to impose reciprocal tariffs starting at 10%, targeting countries worldwide and adding extra duties for “worst offenders.” This move has unsettled markets and might lead to higher consumer costs and a possible recession. Economists are worried about the long-term effects on both domestic and global economies.
Globally, the response has been mostly negative, with many countries considering countermeasures to protect their economies from these new tariffs. This rise in trade tensions marks a significant shift in international economic relations under Trump’s leadership. Key sectors relying on international trade may face challenges as relationships with major trading partners change.
STOCK MARKET Chaos: US Faces Economic Fears as Tariffs Loom
— U.S. stocks took a nosedive today as President Donald Trump’s “Liberation Day” approaches, bringing potential tariffs on Canadian steel and aluminum imports. Analysts warn these tariffs could trigger a market downturn and increase recession risks. Wolfe Research has already revised U.S. growth estimates for 2025 down to 1.6%.
Retail giant Kohl’s experienced its worst trading day since 1992, with stocks tumbling by 26% after issuing disappointing guidance for the year. Investor anxiety is also heightened by an upcoming House vote on a stopgap funding bill, adding to market volatility.
The Dow Jones Industrial Average has fallen 8.3% from its peak, raising concerns about the tech sector’s performance compared to the S&P 500. Investors are bracing for further shifts as policy decisions unfold in the coming days amid fears of reduced earnings across sectors due to new tariffs and declining consumer confidence.
TRUMP’S Trade WAR: Global Markets in Chaos
— President Donald TRUMP’s recent tariffs have sparked swift retaliation from Mexico, Canada, and China. These actions have thrown financial markets into chaos, raising fears of inflation and uncertainty for businesses.
Imports from Canada and Mexico now face a 25% tariff, with Canadian energy products specifically taxed at 10%. This move has heightened global trade tensions significantly.
China responded quickly to the U.S. tariffs, escalating an already heated international dispute. A Chinese spokesperson warned that these measures could harm the U.S. economy by disrupting beneficial trade relations.
Analysts worry about potential backlash against U.S. exports as these trade disputes unfold. The situation is seen as a risky maneuver that might reshape global trade dynamics and impact both consumers and businesses in the long run.
— Canada Prepares Tariff Retaliation Amid Trade Tensions A Canadian government official announced that the country is considering potential tariff targets in response to ongoing trade disputes
— Nasdaq Soars 1% as Wall Street Overcomes Russia-Ukraine Concerns The tech-heavy index rallied, buoyed by a significant surge in Nvidia shares despite ongoing geopolitical tensions
— Dow Drops 300 Points as Rate Concerns Weigh on Post-Election Rally The Dow Jones Industrial Average fell 300 points on Friday, stifling momentum from the recent election amid ongoing worries about rising interest rates
— Dow Soars 300 Points, Closes Above 44,000 for the First Time The stock market rally is fueled by renewed enthusiasm surrounding former President Trump’s policies
— China Prepares for Key Week Amid US Elections and Stimulus Anticipation Markets are closely watching as China braces for significant developments related to the upcoming US elections and potential economic stimulus announcements
Social Chatter
What the World is SayingTime for Britain to lead the world out of tariff chaos - and end the tragedy of American cheese
. . .Time for Britain to lead the world out of tariff chaos - and end the tragedy of American cheese
. . .It was encouraging to see the President reverse himself on the so-called “reciprocal” tariffs yesterday, but I wouldn’t take much solace in it as the global trade war continues to rage....
. . .I appreciate President Trump finding a partial off-ramp for his disastrous tariff tax increases. I hope the administration works to avoid another round of drama in 90 days, and to eliminate...
. . .World Container Index - 09 Jan | Excerpts: “…increased 2% to $3,986 per 40ft container this week.” | “…Drewry expects rates on the Transpacific trade to rise in the coming week, driven by front-loading ahead of the anticipated tariff hikes under the incoming Trump Administration.”. World Container Index - 09 Jan | Excerpts: “…increased 2% to $3,986 per 40ft container this week.” | “…Drewry expects rates on the Transpacific trade to rise in the coming week, driven by front-loading ahead of the anticipated tariff hikes under the incoming Trump Administration.”
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