The US stock markets closed Monday at the lowest level since January of this year. Dow lost 617 points, NASDAQ worst day this year, S&P worst day since March 27, a result of Trump’s raising tariffs on China and fear of trade wars where no one wins.
Days like this put a hurting on 401 retirement accounts, municipal and city pension investments and non profits that invest in the market to fund their organizations.
Trump apparently doesn’t understand how tariffs work. His followers apparently like the sound of “China is screwing us” and raising the tariffs are punishment and music to his base. He’s playing you people at your expense. Wake up!!!
When in reality he is screwing over his base. US companies will pay more for the many goods they import. Do you think these companies are going to absorb these increases? No, they will pass the increases on to the American consumer.
What can we expect from a president who lost over $100 billion dollars over a 10 years period, went bankrupt twice and is living a good life off the backs of American taxpayers. Even the Queen of England doesn’t live as well.