That just about sums it up in a nut shell.
dow down after tariffs, ok.
let's go see where the companies are based that are trading in US Stock Exchange.
Let's go see what companies those that are dropping actually do business…inside or outside US.
Notice that these companies are also making stuff in other countries?
Big box and online retailers also import a massive amount of their inventory from outside the U.S.
Amazon, down 7%
Target, down 9.5%
Best Buy, down 14.8%
Dollar Tree, down 8.4%
Kohl's, down 24.4%
Should have bought American.
Companies that make and sell computers, smartphones and other technology source many of their parts from abroad. Some manufacture their entire products overseas, meaning they will have to pay a tariff when those products are shipped back for sale to consumers.
Apple, down 8%
HP, down 13.1%
Dell, down 15.4%
Nvidia, down 6.3%
Somewhat surprisingly, automakers didn't get hit as hard most other sectors did on Thursday. That could be because most of Ford, GM and Stellantis’ steel and aluminum — which Trump previously announced tariffs on — already comes from the United States, reducing the direct impact the companies would feel from higher duties.
General Motors, down 3%
Ford, down 4%
Tesla, down 4.4%
Stellantis, down 7.9%
But you can see what the goal POTUS is trying to achieve here.
Buy American, sell American, which will bring jobs back.
It's already getting started.
GM to Increase Truck Production in Indiana Following Trump's Tariffs
https://www.newsmax.com/finance/streettalk/gm-indiana-truck/2025/04/03/id/1205557/
Thursday, 03 April 2025 02:33 PM EDT
General Motors is moving to increase production of light-duty trucks at its Fort Wayne, Indiana, assembly plant, it said in a webcast sent to plant employees Thursday and viewed by Reuters.
GM's announcement came a day after President Donald Trump announced 25% tariffs on auto imports.
The Fort Wayne plant makes the Chevrolet Silverado and GMC Sierra trucks, which GM also manufactures at plants in Mexico and Canada.
The Detroit automaker may also add overtime days to the schedule, plant director Dennys Pimenta told employees in the webcast.
GM said in a statement on Thursday that it will hire temporary workers for the Fort Wayne assembly plant, saying that will be part of "operational adjustments" at the plant "to support current manufacturing and business needs."
A company source said several hundred temporary workers will be hired to increase employment at the plant.
GM said that to implement the changes at Fort Wayne, the plant will be taken down from April 22-25, following the Easter holiday.
The company's plants in Oshawa, Canada, and Silao, Mexico, where the trucks are also made, are currently running regular production, the company source said.
You would be butt hurt too if your stocks took a major dumping.
“The markets are going to boom, the stock is going to boom, the country is going to boom,” Trump said. “The rest of the world wants to see, is there any way they can make a deal?”
“You’ll see how it’s going to turn out. Our country is going to boom,” he said.
Slim to none.
Trump: Tariffs 'Going Very Well' Despite Selloff; US Will 'Boom'
https://www.newsmax.com/newsfront/trump-tariffs-stock-market/2025/04/03/id/1205568/
Thursday, 03 April 2025 03:55 PM EDT
President Donald Trump said Thursday that his tariff rollout is “going very well,” adding that “our country is going to boom.”
Trump made the remarks to reporters amid a massive selloff of stocks on Thursday while leaving the White House, CNBC reported. Trump left Washington for Florida.
“The markets are going toboom, the stock is going toboom, the country is going toboom,” Trump said. “The rest of the world wants to see, is there any way they can make a deal?”
On Wednesday, Trump announced his much-anticipated reciprocal tariffs on more than 180 countries designed to reset global trade and return manufacturing to the United States. Declaring it "Liberation Day," Trump imposed a 10% tariff on all imports, regardless of their country of origin.
The Dow dropped more than 1,600 points by late Thursday afternoon and the S&P had lost 4%, putting the day on track to be the worst since September 2022, according to CNBC. Trump and his administration have warned of short-term pain in the markets.
However, Trump on Thursday touted the $7 trillion in investment pledges he said have come from some companies in recent weeks.
“You’ll see how it’s going to turn out. Our country is going toboom,” he said.
In a social media post earlier Thursday, Trump said the financial outlook for the country will be "bigger, better, and more resilient than ever."
"The operation is over! The patient lived, and is healing. The prognosis is that the patient will be far stronger, bigger, better, and more resilient than ever before. Make America Great Again!!!" Trump posted to Truth Social on Thursday morning.
The time is closer than we think.
It's those fucking morning shows.
I'm on my way to work, I want to listen to music to get my day started, and some asshole wants to do a talk show for an hour.
Had to burn CD for the player.
I wonder how much Paul Pisslosie lost….kek
Will they even care is more like it.
There's a meme in there somewhere, gotta be…kek
Anything that rhymes with rectum…stay away from.