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On 4/8/2025 11:42 AM, Marmalade King wrote:

Our fearless

*feckless*, not "fearless" — the feckless fat fuck

leader has decided to raise taxes again! Celebrate More
Liberation!

Markets erase earlier gains after White House announces new China tariffs

After starting the day with major rallies, North American stock markets reversed course to erase their early gains on Tuesday as the White House confirmed its ramping up tariffs on China.

April 8, 2025

TORONTO - After starting the day with major rallies, North American stock markets reversed course to erase their early gains on Tuesday as the White House confirmed its ramping up tariffs on China.

In New York, the Dow Jones industrial average was up 9.06 points at 37,974.66. The S&P 500 index was down 18.62 points at 5,043.63, while the Nasdaq composite was down 85.04 points at 15,518.23.

Markets have been falling since last Thursday as they reacted to Trumps sweeping round of tariffs on a wide swath of countries, with market
watchers eyeing the growing possibility of a recession.
ARTICLE CONTINUES BELOW

The last three days have been very challenging for markets and for
investors, said Anish Chopra, managing director with Portfolio Management Corp.

The markets are absorbing the impact of the tariffs on the global economy,
on oil prices, trade, GDP growth in various countries, as well as on GDP growth globally.

Before the latest tariff news on China, markets around the world were
higher with rallies on Asian and European markets.

Its the latest example of the volatility thats been a key feature of financial markets amid a steady stream of tariff headlines, with stocks
often swinging wildly between days and even hours.

Trump indicated Monday that a deal could be imminent with South Korea, and theres hope he could negotiate with other global players as well.

We are likewise dealing with many other countries, all of whom want to make
a deal with the United States, Trump said on social media.

This sparked optimism in investors that more deals could be reached and the tariff impact on the global economy lessened, Chopra said.

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