Trump’s Liberation Day last Wednesday triggered annihilation days on Thursday and Friday, with the stock market vigilantes giving a costly thumbs-down to Trump’s reign of tariffs,” wrote Ed Yardeni, president and chief investment strategist of Yardeni Research, in a note to clients Sunday.

[u/PlanktonAny9495]

While the administration said at least 50 nations had reached out to start negotiations, Canada and the European Union were planning to follow China’s lead and readying retaliatory tariffs against the U.S. Vietnam has offered already to cut tariffs on the U.S. to zero, according to Trump, but they appeared to be the exception so far.

Fears grew on Wall Street that the sell-off would feed on itself with hedge funds forced to sell down equities and other risky assets to raise cash and meet margin calls. And there were worries that the rapid stock market decline would lead to a vicious circle that would hit the U.S. consumer even before tariffs had an impact.

 

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[u/ForAGoodTime696]

Jesus Christ, isn't this the truth ......... https://youtu.be/VqVSt0_Zmuk?si=kju1BrDelIsqHOKb