Asian stocks see their worst drop in decades after tariffs

https://www.bbc.com/news/articles/c934qzd094wo.amp

Posted by Britstuckinamerica

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  2. Hong Kong is down 13.2%, Taiwan is down 9.7%, Japan is down 8.3%, even Singapore went down 7.4%.

    Just under two hours till the NYSE opens but ten year treasury yields are down 4%…

    I’m already tired of winning!

  3. Trump got sick of bankrupting businesses so he set his sights on the world.

    Whatever will he achieve next?

    Remarkable the level of collective delusion among his supporters. They could be made penniless and still defend him.

  4. We need to move the world economy away from the dollar as fast as possible. This motherfuckers will drag the world into recession two times in 20 years.

  5. Don’t make the mistake of pointing at all the stocks going down and laughing because “Trump’s tanking the world economy!”

    Peter Navarro and his other senior trade advisors are smart enough to know that this would happen. Trump himself was talking about wanting to do this in the 90’s. Whatever they say publicly I doubt they’re surprised that their actions are causing these impacts.

    I’m not saying it’s all part of some grand plan, but to assume that the reins of the most powerful empire we’ve ever seen have been handed to buffoons is incredibly naive. The “stock market” is entirely speculative and doesn’t represent real material matters, which is what Trump is focused on.

    All the steps they’re taking are exactly what you’d do if you wanted to prep the collective west for war. Dismantling soft power, stripping back workers rights, reducing public spending (especially on education) attempting to re-shore industry. They have a clear direction and that’s what’s worrying.

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