Dow futures plummet after Trump announces new Mexico tariffs

[Yo_Mama_Been_Loggin]

The Dow Jones futures dropped more than 100 points on Thursday after President Trump announced plans to impose tariffs on Mexico until the flow of immigrants to the southern U.S. border is cut off.

The index saw losses of almost 200 points by 8:15 p.m., less than an hour after Trump tweeted to announce a 5 percent tariff on all imports from Mexico that would "gradually increase" until the flow of migrants stopped.

Link to tweet

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Trump announced Thursday that the duties would go into effect on June 10 and that they would get steeper until the "Illegal Immigration problem is remedied," suggesting a high goal for Mexico's officials to meet before the tariffs would lift.

Link to tweet

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The tariffs are expected to raise to 25 percent by Oct. 1 if Mexico does not substantially reduce the number of immigrants illegally crossing the U.S.-Mexico border.

https://www.msn.com/en-us/money/markets/dow-futures-plummet-after-trump-announces-new-mexico-tariffs/ar-AAC9YHS?ocid=spartanntp

Everything Trump touches dies.

[Hoyt]

1. That's one way to get impeached, tick off wealthy stockholders.

[Laura PourMeADrink]

3. they were probably informed. Hey, what happened to that guy who sold all his stock -

who probably had insider info from him, through his late night phone calls (on an unsecured phone). who was that?

Meanwhile, us lowlife IRA people take a hit.

[Hoyt]

4. Probably true. Sad isn't it?

[Laura PourMeADrink]

2. He acts like he's in a business meeting with a contractor from Hells Kitchen. He has

never transcended, nor will he, to the fact he is running the entire country. His intellectual capacity is close to zero. Scratch that, below zero.

[Jeffersons Ghost]

5. K&R

[Wellstone ruled]

6. What a petty POS.

[BootinUp]

7. What an idiot, that won't stop them coming anyway. Nt

[UniteFightBack]

8. OMG 'New Mexico' tariffs??? He's going to hit all the blue states next. nt

[smirkymonkey]

10. Funny! That's how I read it too!

I was thinking that he was such an idiot he would probably do something like that. Let's not give him any ideas!

[lunasun]

9. If the US can not stop immigrants from illegally crossing the US -Mexico border into US

how can he expect Mexico to succeed any better ?

[Grasswire2]

11. avocado toast. nt