Ryuu96 on 02 April 2025
To put it in real terms: This press conference cost the U.S. stock market somewhere in the realm of $1-2 trillion dollars.
— Ben Raderstorf (@raders.bsky.social) 2 April 2025 at 21:54
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From America's pre-eminent historian of global trade, @douglasirwin.bsky.social, it's bigger than Smoot-Hawley.
— Justin Wolfers (@justinwolfers.bsky.social) 2 April 2025 at 22:25
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White House says the 10% baseline goes into effect the 5th and the reciprocal tariffs go into effect the 9th.
Soooo yeah, a decent chance Trump backtracks and pretends he won something then, but the markets might not give a shit this time, we'll see how they react tomorrow to if they believe he is bluffing or not.
