Summary

Donald Trump announced new tariffs against China, Mexico, and Canada, sparking market turmoil as the measures were set to begin this weekend.

Following the announcement, major indices plunged, with the Dow Jones, NASDAQ, and S&P 500 suffering significant losses, reflecting investor anxiety across global markets.

Canada, Mexico, and China vowed retaliatory tariffs, with officials warning that these measures could escalate trade conflicts and significantly harm economic stability.

Critics argue the tariffs will harm consumers and businesses, creating global trade uncertainty and risking prolonged economic challenges in the United States.

    • djsoren19@lemmy.blahaj.zone
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      4 hours ago

      Ah yeah, great plan, let’s fracture the empire while major corporations look on like vultures circling a corpse.

      The sad truth is that without a strong, united US government, corporations are going to sieze complete control of any offshoots.

      • the_q@lemm.ee
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        4 hours ago

        Have you not been paying attention? Corporations already run this country.

        • Warl0k3@lemmy.world
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          8 hours ago

          Yeah, the scenarios where a breakup of the union is feasible are… limited. Governors aren’t going to be able to seize the nukes or military assets needed to establish themselves on their own without some truly extraordinary changes that just haven’t come into being yet. Maybe one day, but it’s going to be a damned rough road before we get there.