The blood letting continues as filthy maga traitor cunts say 'EVERYTHING IS GREAT!"
Fucking filthy maga TRAITOR cunts - destroying the USA day by day
U.S. stock futures dropped on Sunday evening as the White House remained defiant even after a two-day historic stock market rout that followed President Donald Trump’s rollout of shockingly high tariff rates on most key U.S. trading partners.
Dow Jones Industrial average futures fell 1,531 points, or 4.1% Sunday evening, pointing to another brutal session ahead on Monday. S&P 500 futures shed 4.6%. Nasdaq-100 futures lost 5.3% as investors continued to shed their one-time tech winners to raise cash.
This follows a market wipeout to end last week:
The Dow posted back-to-back losses of more than 1,500 points for the first time ever, including a 2,231-point shellacking on Friday.
The S&P 500 dropped 6% on Friday for its worst performance since the outbreak of the pandemic in March 2020. The benchmark lost 10% in two days, pushing it to more than 17% below its February record, perilously close to a 20% bear market.
The Nasdaq Composite entered a bear market Friday — down 22% from its record — after losses on Thursday and Friday of nearly 6% apiece.
Investors did not receive the news over the weekend they were wishing for that the Trump administration was having successful negotiations with countries to lower the rates, or at the very least, was considering delaying the set of so-called reciprocal tariffs due to take effect April 9. The initial unilateral 10% tariff went into effect Saturday.
Instead the president and his key advisors played down the sell-off:
Trump said Sunday evening that unless the China trade deficit is solved, there will be no deal, according to Reuters headlines. On the market sell-off, the president told reporters that sometimes you need to take medicine, according to Reuters.
Trump posted on Saturday to Truth Social for people to “hang tough” and that this was an “economic revolution.”
Commerce Secretary Howard Lutnick told CBS News that the tariffs would not be postponed. “The tariffs are coming... They are definitely going to stay in place for days and weeks.”
Treasury Secretary Scott Bessent noted to NBC News that more than 50 countries have approached the administration for negotiations, but cautioned “they’ve been bad actors for a long time, and it’s not the kind of thing you can negotiate away in days or weeks.”
Investors were surprised first by the magnitude of certain rates applied to trading partners that appeared to be based on a formula without a valid rationale based on established economic theory. They were rattled further when China on Friday decided to retaliate first with a 34% tariff on all U.S. imports, instead of negotiating.
