Stocks fall sharply in worst day since 2020

H

Hume

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President Donald Trump’s intensifying trade war sent financial markets reeling as investors, companies and Americans fretted about rising costs from an onslaught of new tariffs.
U.S. stocks closed down sharply Thursday, with the tech-heavy Nasdaq falling close to 6 percent for the day and about 17 percent from its mid-February peak, with Apple, Google and Nvidia all posting big losses. The S&P 500 notched its biggest one-day drop since summer of 2020, closing down 4.8 percent. The Dow Jones Industrial Average fell almost 4 percent. The major indexes in Asia and Europe also took a fall, although some recovered their losses during their trading day.
 

Senators introduce bipartisan bill to rein in presidential tariff authority​


A bipartisan bill that would give Congress final approval on tariffs imposed by a president was introduced Thursday by Sens. Chuck Grassley (R-Iowa) and Maria Cantwell (D-Washington). The bill seems to have little chance of passage but underscores the unease among some Republicans with Trump’s tariffs plan, which was sending shock waves through financial markets and rattling business owners around the world on Thursday.

 

Fear that Trump tariffs will spark recession wipes out more than $2 trillion in value from US stocks​


U.S. companies had trillions of dollars in value wiped out Thursday after President Donald Trump slapped sweeping tariffs on foreign imports.

Virtually every sector suffered big losses as U.S. financial markets closed with their biggest one-day drop since COVID-19 flattened the global economy five years ago.

apnews.com

Fear that Trump tariffs will spark recession wipes out more than $2 trillion in value from US stocks

U.S. companies had trillions of dollars in value wiped out Thursday after President Donald Trump slapped sweeping tariffs on foreign imports.
apnews.com apnews.com
 
trump cost the markets $2 trillion in an hour of after hours trading... No one has ever seen something like that. It is a level of failure never seen before.
 
Hume said:

Senators introduce bipartisan bill to rein in presidential tariff authority​


A bipartisan bill that would give Congress final approval on tariffs imposed by a president was introduced Thursday by Sens. Chuck Grassley (R-Iowa) and Maria Cantwell (D-Washington). The bill seems to have little chance of passage but underscores the unease among some Republicans with Trump’s tariffs plan, which was sending shock waves through financial markets and rattling business owners around the world on Thursday.

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It MIGHT pass Congress but Trump will NEVER sign it, and Congress will not have the votes to override it unless they see that Trumps tariffs are really causing the American people great harm.
We will have to wait and see what happens.
 
Tbird19482 said:
It MIGHT pass Congress but Trump will NEVER sign it, and Congress will not have the votes to override it unless they see that Trumps tariffs are really causing the American people great harm.
We will have to wait and see what happens.
Click to expand...
It is more putting the Republicans on record for causing what follows. If what follows is good, it will be good for Republicans. If what follows is bad, then there is no denying Republicans caused it.
 
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