When Wall Street can't figure out what's going on with the tariffs, they just sell everything. I think China's tariffs is 34%, European Union is 20%, Japan is 25%, India is 26% and according to Newsweek, there's a detailed list of reciprocal duties targeting more than 60 countries.CNBC reacts right after Trump's "Liberation Day" tariff announcement: "And the market reaction after hours -- I’ve never seen anything like it. This -- I think, fair to say -- is worse than the worst-case scenario of the tariffs that many in the market expected the president to impose."
— Justin Baragona (@justinbaragona.bsky.social) April 2, 2025 at 2:12 PM
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Honestly, I was hoping and praying that this would not come to past but it looks like the oligarchs have won...for now.
Unfortunately, you are going to need to brace yourself for even higher store prices and it's going to have a rippling effect but I am very thankful for all the goodies that I have in my stockpile!
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