Trump’s “Liberation Day” stock market crash is on track for lasting an entire week now as the stock market hemorrhages value.
America’s economy is breaking down, international trade has been greatly shaken, and an insane senile maniac is still in the White House. As a result, the latest stock market crash is going on for days and days as trillions in value continue to get wiped out.
The latest stock market crash is, of course, in response to the so-called “Liberation Day” that was announced last Wednesday shortly after the markets closed. The announcement was met with analysts who admit that the announcement was worse than the worst case scenario that they had imagined. So, it was little surprise that the figurative blood spilled out into the stock markets the very next day with a 1,600 point collapse on the Dow Jones. While that was a big enough collapse for the 6th biggest point loss ever, the next day proved to be even worse. This with a massive 2,200 point disaster on the Dow Jones. The question everyone’s mind at that point is when will this nightmare ever end. Well, on day 3, that didn’t happen as the crash continued with another 350 point loss on the Dow Jones.
Today, there was a brief moment of recovery. This as rumours spread that maybe Trump will finally do something sane for a change. This sparked a market rally briefly during the day, but that rally quickly vanished when White House officials reassured America that Trump is still the same crazy psychopath who is fully intent on destroying America. This resulted in the days rally to go up in smoke as the market briefly hit a more than 700 point loss on the Dow Jones before finally settling on a loss of 320 points.
All told, the Trump “Liberation Day” stock market crash has cost the Dow Jones around 4,400 points. The 5 day history is showing a loss of 4,090.49 (which amounts to a 9.80% loss).
Trump, for his part, is showing no signs of remorse for all the destruction and chaos he’s caused so far. In fact, he at one point suggested that his efforts to destroy America is ‘going well’. This as he is pushing to put even more tariffs on everything to accelerate the decline of America. The BBC is reporting that Trump is planning on imposing a 104% on China after China took measures to defend itself against the American tariffs. Meanwhile, the Canadian countermeasures in the auto sector are due to kick in tomorrow. From Global News:
Canada’s counter-tariffs on U.S.-made vehicles will come into force first thing Wednesday morning.
The move is the federal government’s response to U.S. President Donald Trump’s imposition last week of 25 per cent tariffs on vehicles made outside that country.
Finance Minister Francois-Philippe Champagne, who is also running for re-election as the Liberal candidate for Saint Maurice-Champlain, confirmed the counter-tariffs would come into force at 12:01 a.m. April 9.
“Canada continues to respond forcefully to all unwarranted and unreasonable tariffs imposed by the U.S. on Canadian products,” Champagne said in a news release.
“The government is fully committed to getting these U.S. tariffs removed as soon as possible, and will protect Canada’s workers, businesses, economy and industry.”
So, it’s looking like the overall collapse of America isn’t stopping any time soon from the looks of things. This as everything is set to get much more expensive, causing inflation to go through the roof. Making matters worse is Trumps political interference with the Federal Reserve as he demands that the Fed cut interest rates – something that could theoretically trigger even more inflation (some are calling it a risk of hyper inflation). No wonder Nintendo is delaying the Nintendo Switch 2 pre-orders.
