So much for that "Trump Bump"

transporter

Well-Known Member
For those who haven't figured this out, you know like our incompetent President, investment markets do not like barriers to trade.

Our dumbass President, who didn't learn from the outcry over his ill-advised steel and aluminum tariffs today has instituted $60B of tariffs against China.

As a result US stock markets are down 2% across the board...with a ways to go before the day ends. So, our President through his incompetence, just erased significantly more than $60B of US wealth. What a leader! What a visionary!! What a man of the people!

Oh and to put a further point on the idiocy of this...he did it with an executive memorandum...no vote...no discussion...the same exact process all the ignorati claimed was dictatorial under Obama.


President Donald Trump, surrounded by business leaders and administration officials, prepares to sign a memorandum on intellectual property tariffs on high-tech goods from China, at the White House in Washington, U.S. March 22, 2018.

President Donald Trump signed an executive memorandum on Thursday that would impose retaliatory tariffs on up to $60 billion in Chinese imports.

"This is the first of many" trade actions, Trump said as he signed the memo.

https://www.cnbc.com/2018/03/22/tru...tariffs-over-intellectual-property-theft.html
 

itsbob

I bowl overhand
For those who haven't figured this out, you know like our incompetent President, investment markets do not like barriers to trade.

Our dumbass President, who didn't learn from the outcry over his ill-advised steel and aluminum tariffs today has instituted $60B of tariffs against China.

As a result US stock markets are down 2% across the board...with a ways to go before the day ends. So, our President through his incompetence, just erased significantly more than $60B of US wealth. What a leader! What a visionary!! What a man of the people!

Oh and to put a further point on the idiocy of this...he did it with an executive memorandum...no vote...no discussion...the same exact process all the ignorati claimed was dictatorial under Obama.




https://www.cnbc.com/2018/03/22/tru...tariffs-over-intellectual-property-theft.html

So my investments only made 21% this year...

Still beats any year under Obama..
 
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