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The Dow isn't down because of tariffs, it's down because of OpenAI and the US just blowing up the Pax Americana... European defence stocks for example were way
by dismalaf 2y ago
The Dow isn't down because of tariffs, it's down because of OpenAI and the US just blowing up the Pax Americana... European defence stocks for example were way up in their session.
- sethammons 2y agoDefense stocks are up un Europe for a very obvious reason: Europe stands behind the Ukraine and the US has decided to abandon them.
- Tadpole9181 2y agoNot like it actively plummeted as Trump spoke the words from his mouth at his presser yesterday? How in the world is a 20% tarriff on basically all goods in the US not a market-forcing factor in your mind?
- dismalaf 2y agoTariffs can be positive for the country enacting them. The US does have a strong hand here in a lot of sectors. Both China and Japan are fairly protective, for example, to their benefit. However blowing up your influence in the world when a whole bunch of your corporations make a significant amount of income from the rest of the world is always going to be negative. Zero positive effects there.