Trump Liberation Day Tariffs Cause Wall Street Panic
President Donald Trump’s April 2nd tariff announcement was predictable and predicted, as the “Don” with a glee in his eye slapped about 200 nations with the biggest act of protectionism since the 1930s.
Wall Street was in full panic overnight with Dow Jones Industrial Average down 1300 points, or over 3%, for its seventh largest point crash in history.
The bloodbath was much worse for Silicon Valley’s Magnificent Seven Tech Stocks, that include Google, Amazon, Apple, Facebook, Microsoft, NVIDIA and Tesla that are were down by over 6% in overnight trading.
Those losses should have been no surprise to investors,
given that the Mag 7 Index had just suffered its biggest quarterly crash in history, with -15% losses for the first quarter of 2025 ending March 31st.
Trump’s critics are screaming that in less than three months, he has caused chaos by tanking global economies. Now his America First “Liberation Day” rhetoric includes picking a trade war with every United States trading partner. That attitude is summed up by Charlie Angus as publisher The Resistance:
"When voters in a democratic society yearn for a CEO as president, they are responding to their own fascist impulses… If democracy looks like a successful business, if the CEO is tough-talking and cares little for democratic institutions, even denigrates them, so much the better."
But “Liberation Day” hasn’t been days or months in the making, the “Don” has been a consistent thinker for decades.
When Trump first pondered a bid for the presidency in 1987, he published an open “To The American People” lambasting Globalism in the New York Times, Washington Post and Boston Globe that claimed:
“For decades, Japan and other nations have been taking advantage of the United States.”
Trump argued that tariffs would allow the “U S A” to:
“end our huge deficits, reduce our taxes, and let America’s economy grow unencumbered by the cost of defending those who can easily afford to pay us for the defense of their freedom.”
Like bringing-out an old video 8 home movie, Trump 37 years later precisely delivered the same message yesterday on the White House lawn.
True to form, Trump slapped heavy tariffs on the countries he blames for America’s trade deficits that have had the perverse effect of pushing up the U.S. Dollar Exchange rate that devastated middle class jobs and wages.
The Wall Street crash is being driven by -2% overnight crash U.S. Dollar Exchange rate crash and -6.5% crash since President Trump 47 took office in January.
When Deep State globalists talk about “Our Democracy,” they only mean what is good for them. They see Trump’s record high tariffs as another DOGE chainsaw that will only benefit the vast majority of Americans.
I think Trump is saying his tariffs are reciprocal, based tariffs charged by the other countries, to us, but I just heard, Mike Adams say, that the tariffs are based on the trade deficit, between our countries.
Do you know if this is correct?
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