Yep. One of the main guys behind Trump was a college professor of economics focusing on history of economics. They know what they are doing and they are headed right on target.
US market down.
EU market down.
Taiwan market down…
As I noted elsewhere, the US market can take this hit better than EU and Asia markets.
It’s the closing-the-gold-window again, but with tariffs.
So, whose markets are too reliant on the US?
In the grand scheme of things, if everything goes to horse and buggy economy, the US still comes out stronger.
So let me put this all together in conclusion—China is ascendant, and we are static. Trump comes in, and he’s looking at things at home that will restore our global preeminence—fiscal discipline, secure borders, merit-based education, energy development—and he says, “Right now we still have the lead, and we will maintain this lead, but if we continue down the trajectory we’re at, we’re going to be in big trouble.”
Final note—we have 5,500 deliverable nuclear weapons, China has about 500—but they’re building six or seven a month, and they want to get up to a thousand in 5 years and then keep going. So what Trump is doing, again, is he’s saying, “Right now, our system is much superior—energy, agriculture, productivity, GDP, per capita income—but the trends in the future are not good, and if we don’t change, our rival will dominate the world, and I’m not going to let that happen on my watch.”
An opposing POV:
5 big questions about Trump’s tariffs and how they might work
Meanwhile, his tariffs could actually hurt US manufacturing for at least three reasons:
First, Trump’s tariffs apply to a vast number of industrial inputs, such as metals, energy, and electronics. This will raise costs for US manufacturers, forcing them to raise prices, which will render their products less appealing to foreign consumers. Further, tariffs on inputs will also give companies an incentive to locate factories in other countries, where they will not have to pay, for example, a 25 percent tax on parts and materials made in Canada or Mexico.
Second, Trump’s tariffs will reduce the real wages of American workers. If the average US household’s disposable income drops by $2,000, that family will likely spend less money on goods. This could ultimately reduce demand for US-made products.
Indeed, the market research firm Cox Automotive believes that this is precisely what will happen with Trump’s car tariffs. In its analysis, US car plants will likely have to cut production by 30 percent, as consumers will respond to rising prices by postponing car purchases.
Third, foreign countries are retaliating against Trump’s trade policies by placing tariffs on American-made goods. And that will limit the global sales of American manufacturers. This will be especially true of America’s most innovative and advanced industries, such as pharmaceuticals, chemicals and medical equipment, which are more likely to sell their wares globally.
This is some of the stupidest take I’ve ever read. We all will get poorer but US will be slightly less poor. Phew. Brilliant outcome. 
So far the US market has been the worst hit from these tariffs. Nasdaq has got smashed, S and P also bad.
Also you forgot about how rough it is for Americans in the bottom bracket already.with very little in social supports. So no I think they will be worse off than many countries in Europe and worse off than Taiwan for example .
The source is on the image, look for the methodology
Really? I find that to not be true at all. What gives you that idea?
From free breakfast lunch and dinner at school to WIC to housing allowances to medicaid. There are numerous programs for the poorest folks.
Maybe dial back to hyperbole?
A lot is happening. No need to insult people for having an opinion you disagree with, right?
Isn’t what is happening is the dialing back of these programs?
So if the US is doing so great on that front how come it has so many homeless people compared to most of Europe and Taiwan ?
That’s not an insult whatsoever . Cities are crawling with homeless people there. How will governments fund their social programs with reduced revenue ?
Also if I see something dumb like I got burned less because I put my hand in the fire for 30 seconds instead of 35 seconds…well… expect me to make a comment on it. …that’s what this place is for.
Look at the US stock market today…getting crushed because of stupidity.
Stupid is as stupid does. Trump took the strongest economy in the world and started smashing it on the rocks.
I guarantee many employers I know have now frozen all investments including in the US and actively sharpening their pencils on where to lay off people.
This is.
Are they doing so great? I didn’t say that. I said there are many programs available to the poorest of the poor.
And I have no idea what homelessness is like in Europe. 
You’re jumping from one thing to another.
So you prefer the status quo? The rich get richer and all that? God forbid the next generation gets an opportunity to buy in low?
Anyway, what I am seeing a lot of is one side here and the other side there. Nothing Trump is doing is going to fix anything overnight. Day traders beware. Long term B&H is the way to go.
And if you can’t see that the US needs to reshore certain industries after the chaos of covid, and the sooner the better, then I think you’re missing an interesting political, economic and militaristic geopolitical reality and getting caught up in the day to day blaaaargh. 
Of course it’s messy.
It’s the stupidest economic fail I have ever seen.
The right get richer ?.who do you think owns the stocks in those companies only the rich ?
Who employs Americans ?
Mostly those same big companies!
And your measure of failure is what? The stock market this week?
And hey, I don’t mind if you disagree, but not addressing any of my comments and going for the sound bite response? Come on , man. It’s Saturday. You have time.
Yes it’s a massive fail so far pretty much since the inauguration.
Geopolitically and economically. Making America weaker not stronger. Making Americans poorer.
That other countries get poorer too and people making it a relative game of who gets poorer is so dumb.
That may be true but in real life someone I have known since childhood had serious stroke after being homeless for ten years on the streets of California. She’s qualified for disability from medicaid and housing but there is no low cost housing available. Her social worker thinks something might open in the next 2-3 years IF the county finished building new low cost housing on time.
She is now living with family who have taken her in but her disability (which took six months to start coming in) doesn’t cover the cost of her living. Her sister who has kindly taken her in lives paycheck to paycheck so it’s a real burden. Oh, she’s floridly mentally ill too to add to the fun. And she’s very lucky to have family who can and are willing to take her in.
It’s pretty damn hard being poor in the States.
Why? What do you think is so bad? Instability alone isn’t bad, is it?
Short term long term? Which one?
OK, but have your seen this?
WH’s Miller: The U.S. Is 36% Of Global Consumption, So We Get To Set The Rules | Video | RealClearPolitics
Ever hear of Will Theory and Interest Theory? It’s fascinating. Rights follow power.
No need to follow any crazy theories just see the failed results pile up.
That school feed inner city kids more than their parents do IS real life.sorry — must dash into town. I’m not holding out on ya!
Is it good for the stock market?
The Nasdaq Composite closed in a bear market as trading ended Thursday afternoon, meaning the tech-heavy index was over 20% below its most recent peak, which was on December 16.
Nasdaq fell over 5% today, similar to the S&P 500 and the Dow. An analysis from Dow Jones Market Data estimates that the last two days have seen $6.4tn wiped off of the US stock market.
MAGAs will tell you that if you stand on your head, it will look like it’s going up.
Down with those against graph inversion!