Economic hardship for the U.S. this week was more than just "a little bit of pain" as turning back the clock on a half century of global trade trends might not be as easy as some of our MAGA friends imagined.
Of particular note . . . Even some of the most conservative GOP leaders are starting to have very real and loud doubts.
In terms our of cowtown . . . We remind readers . . .
This week local stocks have also taken a beating.
And so, just a couple of months into his tenure, the question emerges . . .
HOW MUCH PAIN CAN MAGA SUPPORTERS TOLERATE BEFORE DOUBT STARTS TO EMERGE?!?!
Caveat: Americans typically don't have a lot of patience . . . For anything or anyone who loses them money.
The important thing to consider here is that Wall St. is NOT Main street and a lot of locals at ground level won't shed a tear for big banks & brokerages . . . Until those losses are INEVITABLY passed down to the plebs.
But here's the big picture and more reporting . . .
"The Dow pulled back 5.5% to enter into correction territory. Meanwhile, the S&P 500 (^GSPC) sank nearly 6%, as the broad-based benchmark capped its worst week since 2020. The tech-heavy Nasdaq Composite (^IXIC) dropped 5.8% to close in bear market territory.
"The major averages added to Thursday's $2.5 trillion wipeout after China said it will impose additional tariffs of 34% on all US products from April 10 — matching the extra 34% duties imposed by Trump on Wednesday."
Read more via www.TonysKansasCity.com links . . .
Stock market today: Dow plunges 2,200 points, Nasdaq enters bear market as Trump tariffs spark worst meltdown since 2020
US stock futures slipped after President Trump's broad reciprocal tariffs sent markets into a tailspin.
Stock market craters on trade war worry. Dow plunges 2,200 pts. Nasdaq in bear market.
US stocks plunge for second straight day after China retaliates and Fed chair says wait and see. Dow sheds 2,200 points and Nasdaq enters bear market.
Trump tariffs led to a $2.5tn wipeout for US stock markets - with worse yet to come
Tech giant Apple lost more than $300bn in market value
Developing . . .
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