Initial market indications early Wednesday evening were that many investors had expected Trump’s tariffs to be far less expansive.

Summary

Markets tumbled after Trump’s sweeping tariff announcement, with S&P 500 futures dropping 3.5%, Nasdaq 100 down over 4.3%, and Dow futures falling 1,000 points.

Analysts called the tariffs “worse than the worst case scenario.” Major companies like Apple, Amazon, and Nike saw stock declines up to 7%.

Retailers reliant on imports, like Five Below and Dollar Tree, plunged more than 11%.

Goldman Sachs warned tariffs could raise foreign car prices by $15,000. Treasury Secretary Scott Bessent dismissed after-hours moves, blaming volatility over policy concerns.

  • BigMikeInAustin@lemmy.worldEnglish
    3·
    2 days ago

    Yeah, the Health Savings account HSA. Sorry, i forgot to go back and reread it to make sure the comment was complete.

    • Hegar@fedia.io
      1·
      2 days ago

      Yep, made sense as soon as HSA was mentioned!

      I used to work explaining insurance to the elderly, so I’m primed to assume that someone massively misunderstood how it works. 😆