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Julian Englis

(2,309 posts)
Thu Mar 1, 2018, 02:29 PM Mar 2018

Stocks sink on Trump tariff announcement [View all]

Source: The Hill

U.S stocks sunk Thursday moments after President Trump said he’d would set tariffs on steel and aluminum next week.

Trump’s abrupt announcement sent the Dow Jones industrial average down 330 points (1.3 percent) shortly after 1 p.m. The Nasdaq and S&P 500 also fell roughly 1 percent each.

Trump said he will announce tariffs of 25 percent on imported steel and 10 percent on aluminum from all countries that send their metals to the United States, a decision sure to lead to retaliation by trade partners.

The tariffs are an effort to bolster the U.S. steel and aluminum industries, which Trump pledged to revive on the campaign trail.

Read more: http://thehill.com/policy/finance/376280-stocks-sink-on-trump-tariff-announcement



He and his cronies will destroy the economy yet.
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Doh !! C_U_L8R Mar 2018 #1
Pledged to bring back Coal...how is that going!? Pledge means "lie". Fred Sanders Mar 2018 #6
After Trump tanks the economy C_U_L8R Mar 2018 #9
Just saw Canada destroy two giant smokestacks near Lake Erie Weed Man Mar 2018 #10
Sure enid602 Mar 2018 #27
What do you think Canada is trying to do? Weed Man Mar 2018 #28
Quit enid602 Mar 2018 #31
Fox business talking heads moving in chairs as if Watchfoxheadexplodes Mar 2018 #2
Don't tariff's have to be approved by Congress? n/t OnlinePoker Mar 2018 #3
Congressional oversight is so 20th Century harun Mar 2018 #4
Not in the case of a "national security threat" declared by his appointee progree Mar 2018 #12
Damn, it is so hard to keep up. malthaussen Mar 2018 #29
GOP Tax Cut ashling Mar 2018 #30
This is what happens when you arbitrarily flail with tariffs instead of entering trade agreements. SunSeeker Mar 2018 #5
His intent is to take the US back to the 1950s lapfog_1 Mar 2018 #7
Waiting for his tweets on how great the stock market's doing NastyRiffraff Mar 2018 #8
I just wonder... Kensan Mar 2018 #11
Damn. I'm sure you're right. nt SunSeeker Mar 2018 #13
Check for short sales by Putin and Russian oligarchs. . . . . nt Bernardo de La Paz Mar 2018 #15
When the new steel mills are brought online with workers from immigrant detention centers ... mr_lebowski Mar 2018 #17
2nd longest expansion in US history overseen by Obama. Now, Trump Slump. . . . nt Bernardo de La Paz Mar 2018 #14
I think most of our improted steel BumRushDaShow Mar 2018 #16
they will. i expect it will make 2008 look like the good old days. barbtries Mar 2018 #18
He's just saying that to see what the markets will do LeftInTX Mar 2018 #19
First solar power sales with 30% tariff, now 24% tariff on steel and 10% on Aluminium... iluvtennis Mar 2018 #20
here comes the recession. nt Javaman Mar 2018 #21
Soon the GOP will be stepping over each other to impeach the dipshit Major Nikon Mar 2018 #22
Another day ,another stupid trump crisis, duforsure Mar 2018 #23
40 years late? moondust Mar 2018 #24
I would like to see more of this. Cold War Spook Mar 2018 #25
Good News for the Meth-Heads around here,,,, Cryptoad Mar 2018 #26
In some areas you can throw a can out the window... Major Nikon Mar 2018 #33
Ratface emmitt boyle closed ORMET mill Marthe48 Mar 2018 #32
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