Buckle up....Going to be a wild ride today.
Sell Sell Sell.... Buy Buy Buy
The Stock Market is still way up since it crashed in 2009.
Some stocks are up thousands of %
U.S. stocks were poised to open sharply lower on Friday, with losses picking up after President Donald Trump said “trade wars are good,” a day after announcing that the U.S. will impose tariffs on steel and aluminum imports.
Worries over the prospect of a global trade war have been rattling markets since that announcement. Some of the U.S.’s biggest trading partners have already threatened to retaliate, including the European Union, which has said it’ll take the matter to the World Trade Organization.
Red futures but certainly bounced back
Trump needs 2 things to distract the Media away from his Family:
#2 happened yesterday.
Trump cannot crash this market
Tariff on steel is going to ruin their auto manufacturing industry
How is a tariff on steel going to hurt the U.S. Auto industry? The U.S. makes the steel. A tariff largely affects the countries that import the Steel. Domestic goods are not imported goods. Some companies that make steel in the U.S. are United States Steel Corporation, AK Steel Holding Corporation, Cleveland-Cliffs Inc. This industry will greatly benefit from a tariff as it limits pricing competition with companies that export steel/aluminium to the U.S. Possibly the price of steel may rise for auto manufacturers in the U.S. but these costs usually fall on the consumers.
The Stock Market agrees with your assessment.
Going to hurt the already hurting steel industry here in Canada too. Places like the Soo and Hamilton and mining towns like Timmons and Sudbury
I don't think this Trump guy knows what he is doing
He knows exactly what he is doing.... he does these ridiculous things to distract the World from all the problems he is facing in DC... everyone is quitting on him. Resignations every day.
He says... you are going after my daughter and son in law now ???? Oh yeah ? Watch this. And boom he does something totally outrageous... every time.
He does not care about anything except himself and his family. You go near them and he will do whatever he can to disrupt the narrative.
If they get too close to his family he will bomb somebody
He will surround himself with War Mongers.