The Trump tariff fallout: Here's what you need to know

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[KsundgrSundgren]

The prolonged financial boom has primarily benefited the wealthy elite. Now, as the market corrects, they're poised to profit again through strategic short-selling. Meanwhile, inflation distracts the masses from systemic corruption. I'm torn about liquidating my $338, 000 stock portfolio. What's the smartest strategy to capitalize on this bear market and protect my assets amid the impending wealth transfer?

[jamesford]

Those factory workers who lost their jobs in Michigan, Ohio, Pennsylvania and etc, due to world trade. You wanted to blow up everything with trump because you were mad. Well, good job you did. You crushed the American economy. You wanted your factory jobs back. They aren't coming back, but what you have now is that your lives are going to become harder and more expensive when you can't afford it because you don't have a job.

What you don't realize is that while your old jobs will never come back. What you needed was new investments in your communities. New kinds of jobs and what you don't realize was that biden and Harris was starting that. They were investing in EV usa based manufacturers with loans to companies like Rivian that wanted to build factories in your state. But elon didn't want his competitors to get those loans, trump wanted to play with your anger, and so you drank the MAGA kool-aide and voted for people who wanted those opportunities canceled. Now you're going to suffer even more and so is the rest of the country.

[JohnJay-ydhr]

Trump had claimed that, “If the Dow drops 1, 000 points in two days the President should be impeached immediately!"

Today (one day) it's down 1, 400 !

[floppyhubs]

I have $20k in savings but haven’t invested much before. I’m 44, but retirement is becoming a big concern for me. what are the best ways to grow my money?

[tonysilke]

Tariffs will increase costs of finished goods and components used throughout US manufacturing. This will be an immediate and huge hike in inflation. To fight inflation the Fed will have to hike interest rates which will be wonderful for the billionaires but possibly take away the middle class. Inflation is so high that consumers are literally taking debt for basic life necessities. Collapse has indeed begun..

[lecturer]

Tariffs may be softened but the anti American sentiment I think will persist with individuals as well as governments deciding not to buy American goods or travel there.

[JJSeattle]

Trump's words, "I don't care. My friends and family are fine. They've made a lot of money."

[EstablishedContext]

They called it liberation day but they meant to call it 'liquidation day'. It was just a slight mixup!

[gordonj.wallis]

At the Kremlin they’re cracking open the champagne.

[mith]

I see another $3 million golf weekend coming up this week…

[dstarrII]

Don't worry all the rich people will be fine!

[WillieFungo]

We need to start talking about impeachment. The Republican Congress needs to have the courage to stand up to this guy.

[cheezybred]

Were stuck in a car with a drunk driver going 120 on the freeway.

[carolperkins]

This is a disaster. Totally insane. Our country is going down in so many ways. Thanks to Republicans.

[cpangws]

Tariffs are taxes for the 99% of the American working class, elderly and poor to support a tax cut for the 1% billionaire and the rich!

[mackmckay]

The oligarchs are getting rich. All other citizens are having their retirement and bank accounts transferred from their Bank to the oligarchs bank accounts. Murica voted for this.

[UncleTim_T-]

Recession incoming.

Depression is possible if the 🤡 escalates.

[Freiheit]

First time in history a presidents policy will directly sink us into a recession. Only trump could pull that off.

[Idealgentlemen_]

Playing chicken with the rest of the world to where you’re banking on they’ll need our dollar before we need the product they make for us is a dangerous game to play with your citizens, not on our behalf by the way…….

[Elmgren]

Side note, and Americans may not be aware of this, but there is a strong anti United States sentiment here in Europe, which will have an effect on US products, brands, services and tourism to the US.