Stock Market Slaughter After Trump Tariffs. The Dem Memory Hole. (with Karol Markowicz)
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April 3, 2025
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as posted by the channel“Liberation Day” has come and gone. The massive tariff announcement from the White House that landed just after markets closed on Wednesday. It’s a sweeping 10% universal tariff on all goods, effective Saturday, April 5th, with even higher rates for countries like China (34%), the EU (20%), Japan (24%), and an eyebrow-raising 46% for Vietnam. Cars assembled abroad? They’re getting hit with a 25% tariff starting May 3rd.
Put simply, the market didn’t take kindly to this. It’s been a financial bloodbath: the Dow fell 1,400 points (around 3.8%), with the S&P and NASDAQ down even more. Apple and Nvidia alone lost a combined $470 billion in value, and the dollar hit a six-month low. Investors are clearly spooked by what could be the beginning of a global trade war. I’m not an economist, and I plan to have some real-deal experts on the show next week to discuss this in more detail, but from where I sit, this feels like a high-stakes gamble.
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Liberation DayWhite HouseWednesday ItsSaturday AprilVietnam CarsTariff ThoughtsKarol MarkowiczEric Adams Goes Independent
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