As a region that manufactures so many of the goods sold globally, Asian countries and territories are being hit directly by the tariffs.
They are also particularly sensitive to the impact of fears that a global trade war could trigger a slowdown or even a recession in the world’s biggest economy.
Japan’s Nikkei 225 benchmark index closed down by 7.8% and ASX 200 in Australia lost 4.2%.
In afternoon trading, the Kospi in South Korea was 4.7% lower.
I’m very curious to see if the counter tariffs from China will lead to a complete escalation or if the orange clown will cry about it and back off. I hope it’s the second but I fear the worst, I think a total crash out is in the cards.
He’s tried this here in Canada for months and he’s backed down literally every announcement. It’s whiplash but past behaviour tells me this won’t stick, either.
I think he’s serious this time. He hasn’t made any of the usual wishy-washy statements yet. What has come out of him so far sounds as if he’s not afraid of the consequences anymore.
There you go. Spineless man baby once again backs away with a “pause.”
God damn, I was getting serious anxiety over this shit. Wondering when someone would get that Ron Vara guy out of his head.
He’s worked himself into a corner, & he HAS to have the spine to carry-through his economic-mass-shooting, now.
it takes 3y, btw, to get to the true-rock-bottom of a Great Depression,
so that should be in 2028, just in time for him to invoke “emergency measures” & remove the Constitution, so he can’t be removed as dictator, anymore…
Psychological-reconfiguration takes time … & that is significant, both in the changes that got him here, & also in the changes from here to where much of the West is butchered
( he wants to destroy the EU in a pincer between Putin & continental-Trump: that is why he requires both Canada & Greenland’s annexation.
Also, once he’s got Greenland, he can confiscate all trade to Canada, & break Canada quicker.
This is “being taken to the secondary-crime-scene” territory we’re in, & politicians are not understanding this.
IF Canada still stands, when Trump falls, in 2031-ish, THEN I expect the total death-toll in the North American War to have been … possibly 300,000,000?
That’s early-next-decade, though. )
_ /\ _
All I can say is, I want off this ride.
Looking like complete escalation since china won’t bend the knee to him
Well if he does go through with that then I think the Americans will be way more hurt by it then China will be. China can keep trading with the rest of the world and I think their people are more resilient. If Karen from Missouri can’t get her cheap Teemu and Shein shit she’s gonna blow.
