The chaos and destruction of the Trump administration is producing more crashes than a destruction derby.
A defining feature of the Trump 1.0 administration is regular stock market crashes as the economy started to break down under the destructive policies of that “leadership”. Now that Trump 2.0 has taken over, we, once again, see regular stock market crashes become a thing. This time, the obvious incompetence can’t be hidden behind a global pandemic.
Already, we’ve seen crash after crash after crash after crash.
Then, things got worse to the point where we had to start naming the stock market crashes just to figure out which is which. For example, we discussed the Trump “Liberation Day” stock market crash which went on for four days straight. Then, more recently, there was the Trump China tariff stock market crash. Things are so bad, analysts are starting to come to the conclusion that we are already in a Trump recession. This as the destruction of America continues from an economic perspective. The only thing really impressive by all of this is the rate and pace Trump is destroying America.
Today, we are seeing yet another stock market crash. This as a result of Trump’s China tariffs. Apparently, the fault comes from chipmakers getting hit hard by the computer chip and semiconductor tariffs that were once thought to be off, but apparently are back on. From FXStreet:
US equities tread water, particularly chipmakers Nvidia and AMD, as the US Government issued new export licensing requirements to send chips from the US to China. Hence, Nvidia and AMD plunged over 6% respectively. Reuters revealed that these measures will hit both companies.
“Nvidia said it faces $5.5 billion in charges after the restrictions, while AMD said it expects an $800 million hit,” according to Reuters.
Unsurprisingly, this triggered another stock market crash. This time, the Dow Jones crashed by 699 points. This followed two days where things in the markets finally stabilized somewhat. The markets were trying to very slowly heal itself on its own, but obviously, with Trump still in the White House, that was never going to last. Today, the markets proved just that. As a result, there doesn’t seem to be an end in sight for the economic destruction that is ripping across the financial world.
