2019-08-23 at 4:37 PM UTC
U.S. stocks hit session lows on Friday as President Donald Trump appeared to mandate in a tweet that U.S. companies make their products at home and said he would hold a conference in the afternoon to discuss the matter. The Dow Jones Industrial Average dJIA-1.59% fell 500 points, or 1.9% at 25,759, the S&P 500 index SPX-1.67% fell 2% at 2,865, while the Nasdaq Composite Index COMP-2.07% declined 2.3% lower at 7,806.
Trump said "our great American companies" to "immediately start looking for an alternative to China, including bringing your companies HOME and making your products in the USA."
The losses erased weekly gains for the S&P 500 and the Nasdaq while the Dow was off 0.1%. The Trump statement comes after the Chinese ministry indicated that it was preparing to raise tariffs in two batches on $75 billion in U.S. imports on Sept. 1 and Dec. 15, which would coincide with the dates that the U.S. is slated to increase tariffs on some $300 billion in China goods.
https://www.marketwatch.com/amp/story/guid/2B7C1D92-8608-4D48-809A-84B2D3A1A433L, O, L.
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2019-08-23 at 4:53 PM UTC
-SpectraL
coward
[the spuriously bluish-lilac bushman]
It's all fake. The radical leftists and their crony capitalist bedfellows are trying to push an artificial catastrophe in order to try and sink Trump in 2020. None of it is based on reality. The US doesn't need China at all.
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2019-08-23 at 5:14 PM UTC
Originally posted by -SpectraL
It's all fake. The radical leftists and their crony capitalist bedfellows are trying to push an artificial catastrophe in order to try and sink Trump in 2020. None of it is based on reality. The US doesn't need China at all.
Buddy I feel like you haven't been based in reality for years
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2019-08-23 at 5:21 PM UTC
It's not a simple as telling companies to make their products domestically. Trump's policy positions are nothing but bumper sticker bullshit.
2019-08-23 at 6:29 PM UTC
They don't need to make that much fucking money, that's the whole point
It's more important to employ your citizens
2019-08-23 at 6:40 PM UTC
Originally posted by Box Wine
They don't need to make that much fucking money, that's the whole point
It's more important to employ your citizens
thats not how bussinesses operate.
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2019-08-23 at 7:06 PM UTC
Sudo
Black Hole
[my hereto riemannian peach]
trump is an idiot and too much domestic production creates inflation but he obviously doesnt care
Its such a stupid world we live in
2019-08-23 at 7:49 PM UTC
Trump is either a gay retard who does not understand that USA is losing this trade war or a malicious gay retard who knows it but is engaging in it anyway because his gay retard followers have chronic gay syndrome for trump and can't admit he is retarded.
Also Spectral is a Canadian faggot.
2019-08-23 at 7:59 PM UTC
Originally posted by vindicktive vinny
then why is he precedent ?
People love bumper stickers
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2019-08-23 at 8:46 PM UTC
I love how people pin everything on trump as if he's czar of the country. He is not, there are other forces at play here.
The u.s. is preparing for some conflict with china and Iran. there is already proxy conflict with Iran.
The main reason why the u.s. pulled out of the inf treaty is because china was never a part of it, and are making missiles banned by this treaty. such missiles could fuck the u.s. navy in case of yankee invasions, which is inevitable in the future as evidenced by souring relations.
If yankees are gearing up for conflict, then one of the first steps is to cut all dependence on the target.
