Summary

As the stock market plunged Monday due to Trump’s trade wars, he spent the day posting on Truth Social.

The Nasdaq fell 4%, its worst drop since 2022, while the S&P 500 lost nearly 3%. Major tech stocks, including Tesla, saw significant losses.

Trump posted over 100 times, endorsing his tariffs despite investor panic. A White House official dismissed the sell-off as irrational fear.

Commerce Secretary Howard Lutnick insisted a recession is unlikely. Trump avoided a clear recession prediction, calling the economy’s shift a “transition.”

  • Lucky_777@lemmy.world
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    21 hours ago

    When he announced the tariffs you could see the stock prices drop before your own eyes. On Fox News even. Blaming Biden is just holding off his nutcase cult members. Hopefully real Republicans have some common sense and courage to stand up.

    • SoftestSapphic@lemmy.world
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      18 hours ago

      His cult memebers are the “real” Republicans, at least what’s left of them.

      Anyone who doesn’t support fascism has stopped supporting the fascist party

      • Lucky_777@lemmy.world
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        18 hours ago

        Some Republicans don’t like the direction but have active threats against their families. Which is honestly sad, forcing the remaining “good” Republicans into the private sector.

        We need fair campaigns. It shouldn’t cost you 100s of thousands to run a campaign to get elected. Even local campaigns cost a massive amount. You easily spend 80k for a judge position for one county.

        What common man has 80k sitting around for an election?

        • HasturInYellow@lemmy.world
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          12 hours ago

          Honestly, they should resign. If they fear for their lives, take some time to spend with their family and reevaluate their lives. Otherwise, I don’t have much sympathy.

        • Fluke@lemm.ee
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          16 hours ago

          “But money is speech, you’re not against free speech are you?” - ‘Citizens United’