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News@lemmy.world · 29 days ago

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

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

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News@lemmy.world · 29 days ago

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

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- Knock_Knock_Lemmy_In@lemmy.world
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  These tariffs are a tax on the working class, which they will gladly pay.
  
  When taxes rise consumption falls. The wealthy live off the fat of consumption.

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