Breaking News: The US stock market lost $1.65 trillion today. Three minutes after Trump said he would impose a 100% tariff on China on November 1st, the US stock market plummeted, recording its largest single-day drop since the tariff shock in April.
Trump's threat to impose tariffs on China has raised concerns about the resurgence of trade tensions and has affected industries such as technology and manufacturing. Major indices fell: the Dow Jones fell 2.1%, the S&P 500 fell 1.8%, and the Nasdaq fell 2.3%.
[Witty] Comments: Not getting the Nobel Peace Prize prize money, then take some from the stock market! Trump and his circle are likely to once again accurately predict the stock market crash, short-selling the market early, and making huge returns. In addition, the "King of the People" is so old, yet he lost the Nobel Prize last night, and then there have been consecutive bad news, which must be a big blow to him. He is probably in an extremely angry and embarrassed state right now. But is it meaningful to continue the tariff war? After one effort, the second time is weaker, and the third time is exhausted. The marginal utility of tariffs is getting smaller and smaller...
Original: www.toutiao.com/article/1845643975901191/
Disclaimer: This article represents the views of the author.