Dow sinks 400 points as trade tensions surge

[left-of-center2012]

Source: The Hill

Stocks fell early Monday amid concerns over U.S. trade wars, with the Dow Jones industrial average down more than 400 points, a drop of 1.75 percent.

The S&P 500 experienced a similar percentage loss, down more than 50 points or 1.87 percent.

The stock tumble followed reports in The Wall Street Journal and Bloomberg that President Trump is planning to stop some Chinese companies from investing in American technology.

The Journal reported that the Treasury Department is preparing new rules to stop companies with significant Chinese ownership from buying U.S. companies with “industrially significant technology.”

Read more: http://thehill.com/policy/finance/393966-dow-sinks-400-points-as-trade-tensions-surge

[bucolic_frolic]

1. Top per capita consuming nation enters trade war it cannot win

Stop the goods from overseas, and who will make our products?

Most auto parts, computers, toys, hardware, clothing, shoes ... you know where they're made.

Care to dance?

[Sophia4]

2. This will devastate a lot of Trump voters who buy at the dollar-type stores and Walmart.

I'd love to see a revival of American industry including the textile and clothing industries. But it will take too long for most Trump voters before those domestic industries can produce quality products at low prices.

Growing cotton is tough on the soil. Just saying.

[erronis]

3. And I would guess all the "smart" money doesn't care if the markets tank

They're poising themselves to buy assets at rock-bottom prices, again.

Familiar model - destitute an economy (Spain, Greece, Latin America, etc.) and then come in any buy everything for pennies on the dollar. Oh, and be sure to make the countries' taxpayers reimburse you for your efforts.

While this seems to be a model "Made In America", it is probably more international - more world-class plutocratic.

[Yavin4]

10. You forgot one more thing. Give you massive tax cuts to boot. n/t

[yallerdawg]

4. This is SO much better than negotiated trade agreements.

Especially when 95% of the world's consumers live outside the U.S.

"Trade" should go back to the constitutionally-mandated purview of 535 Congresspersons rather than one single idiot.

[IronLionZion]

11. Indeed, USA doesn't have the consumer power we used

considering the rise of massive middle classes in China, India, and other countries to whom the entire US population is just a rounding error. Global trade will continue well enough without us.

Trump is living in a delusion from the distant past.

[empedocles]

5. Stocks over inflated by

trump huge giveaways, subsidies. Also tech sectors were over enthusiastic. Market character change and warnings escalated since January. Corporate stock buybacks which reward corp exec option packages, 'deregulation', reduce consumer/citizen protection costs. etc. etc.

On the offset other side, trumpies will continue to do whatever they can, and they have already done much, to goose the market upward. trump himself is aware and very sensitive to dow moves - and has no apparent scruples, about manipulations in particular.

[TeamPooka]

6. I'm with Bill Maher. Let's get this Trump reccession going. It's going to happen so might

as well get it over with.

[Tom Rinaldo]

8. Yup, at least now it can still do some good n/t

[BigmanPigman]

12. I have been saying that for a year.

The only thing that will effect the deplorables will be a dive in the economy. It is a tried and true behavior. All the presidents and parties that had a poor economy were not reelected, even if the economy wasn't their fault.

The tariffs from China are smartly chosen...orange juice (FL...Rubio), whiskey (KY...McConnell), soybean farmers in Red states and Harley Davidson who tRump actually had come and had them bring their bikes to the W House.

[TeamPooka]

20. It does seem that the countries like China and Canada know to hit the red states this time

with their sanctions.
Smart.

[IronLionZion]

15. Bill Maher is fabulously wealthy and a straight white male

some of us are not so lucky and will feel the pain that Trump is inflicting on this great country.

"Blame the immigrants" is not so great for Americans who "look" like immigrants.

Job hunting is harder for those of who look like job stealers.

[TeamPooka]

19. We're all feeling the pain and it will get worse but Trump's agenda IS to hurt some more

than others so that is going to happen regardless.
I want the country to see the damage that will be done sooner rather than later as it's always the result of these GOP's policies.
So let's get it on with so the nation can see the result faster and fix it faster by changing course to democrats.

[N_E_1 for Tennis]

7. We are winning so much...

I’m getting sick and tired of winning.

[lark]

9. Let it go, let it go!

drumpfs efforts and their ruinous effects need to be front and center, especially for any industry or people that support him. Let t hem see what their efforts have wrought.

[Dopers_Greed]

13. Trump is intentionally trying to destroy the economy

Causing a crisis would allow him to consolidate power

[C Moon]

16. That's what I believe, and it certainly appears that way.

[Liberalagogo]

17. If it worked for that "H" guy

it's good enough for the Shithole. Of course Shithole didn't read the end of that story.

[kimbutgar]

14. If we do go into a recession they can't blame President Obama or the Democratic party

Especially since they have been crowing the economy has been the greatest ever under Twitler. I’d love to go back to those who said that and confront them when things go bad.

I do think things will get bad by September. And it all belongs to Twitler and the The karmic payback will.be sweet.

[RhodeIslandOne]

18. "Why does the DOW hate America?"

"The failing DOW hates me and doesn't want America to be great again!!!!"