cross-posted from: https://lemmy.world/post/28033197

Summary

US stocks fell sharply Thursday after a historic rally, as investors refocused on lingering economic damage from Trump’s tariffs. The Dow dropped over 900 points, with the S&P 500 and Nasdaq also down.

Despite Trump’s 90-day pause on some “reciprocal” tariffs, others remain, including a universal 10% tariff and 25% duties on autos, steel, and more.

Economists warn of recession risks. China raised tariffs to 125% on US goods, with Beijing responding in kind.

Markets remain volatile, and analysts say temporary relief hasn’t changed underlying economic threats.

  • MehBlah@lemmy.worldEnglish
    62·
    7 days ago

    I didn’t have that feeling. After all bush and later Obama didn’t push for any of those responsible to face any repercussions.

    • qprimed@lemmy.mlEnglish
      3·
      7 days ago

      to save the economy for the privileged and retain extractive opportunities from the rest of us, there was going to be something stabilizing done. I dont get that feeling now.

      the ones responsible for 2008 were the beneficiaries of the bailouts and continued wealth extraction - aside from feeding on the rotting carcass of Lehman Brothers, of course no one but the public paid any real price. the owners of the country wont punish themselves.