{"id":274455,"date":"2025-04-05T00:28:07","date_gmt":"2025-04-05T00:28:07","guid":{"rendered":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/05\/a-red-wall-on-wall-street-but-president-trump-appears-to-believe-it-will-all-work-out\/"},"modified":"2025-04-05T00:28:08","modified_gmt":"2025-04-05T00:28:08","slug":"a-red-wall-on-wall-street-but-president-trump-appears-to-believe-it-will-all-work-out","status":"publish","type":"post","link":"https:\/\/news.talkwithrattan.com\/index.php\/2025\/04\/05\/a-red-wall-on-wall-street-but-president-trump-appears-to-believe-it-will-all-work-out\/","title":{"rendered":"A red wall on Wall Street – but President Trump appears to believe it will all work out"},"content":{"rendered":"
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A red wall on Wall Street.<\/p>\n

The Dow lost more than 2,000 points in a single day – that’s only happened three times before in its long history.<\/p>\n

The Nasdaq closed in Bear Market<\/a><\/strong> – the opposite of Bull Market – reflecting a 20% drop from a recent high.<\/p>\n

The Dow, Nasdaq and S&P500 Index all recorded their worst week since the global pandemic five years ago.<\/p>\n

That’s what happens when the world’s two largest economies – America and China – declare a trade war.<\/a><\/strong><\/p>\n

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\n Marty Handler pictured Thursday as he worked at the New York Stock Exchange. Pic: AP
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Other countries are still debating retaliating for Mr Trump’s tariffs – “there will be blood”, according to one Wall Street bank.<\/p>\n

As China hit back, the US president hit the golf course, defending his attempt to bring down the trade deficit and bring back manufacturing.<\/p>\n

“China,” he posted online, “are not very happy about our reciprocal tariffs. Necessary for fair and balanced trade between China and the USA.”<\/p>\n

“This proves that tariffs are the most powerful economic tool and very important to our national security!” he added.<\/p>\n

But the chair of the Federal Reserve, the man tasked with keeping US inflation in check, struck a much more sombre tone.<\/p>\n

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Please use Chrome browser for a more accessible video player<\/p>\n


\n \"CONWAY\"
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Trump’s tariffs: What can we expect?<\/span>
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Jerome Powell said: “It is now becoming clear that tariff increases will be significantly larger than expected, and the same is likely to be true of the economic effects.”<\/p>\n

“While tariffs are highly likely to generate at least a temporary rise in inflation, it’s also possible that the effects could be more persistent,” he warned.<\/p>\n

That’s bad news for American consumers, who’ve benefitted from an open market.<\/p>\n

With free trade, America lost manufacturing jobs but gained cheap products from places like China.<\/p>\n

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Read more:
Trump’s tariffs will have an impact before too long<\/a><\/strong>
Global markets have given Trump a clear no-confidence vote<\/a><\/strong><\/p>\n

The president’s determination to bring back those manufacturing jobs signals the end of those reduced prices.<\/p>\n

One mother, shopping on the outskirts of Washington DC, told me she was “extremely worried about prices going up”.<\/p>\n

She said: “It’s affecting our families here in America, so yes, I’m very worried about that.”<\/p>\n

Asked if she thought the government was making a mistake, she replied: “I do.”<\/p>\n

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\ud83d\udc49 Follow Trump 100 on your podcast app \ud83d\udc48<\/a><\/strong><\/p>\n

Her message for the president: “Stop it.”<\/p>\n

He doesn’t appear to have his head in the sand. He appears to believe it will all work out in the end.<\/p>\n

And the man who’s driven by the words on his red hat – ‘Make America Great Again’ – seems undeterred by the red wall on Wall Street.<\/p>\n<\/p><\/div>\n


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Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

A red wall on Wall Street. The Dow lost more than 2,000 points in a single day – that’s only happened three times before in its long history. The Nasdaq closed in Bear Market – the opposite of Bull Market – reflecting a 20% drop from a recent high. The Dow, Nasdaq and S&P500 Index […]<\/p>\n","protected":false},"author":2,"featured_media":274456,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","fifu_image_url":"https:\/\/e3.365dm.com\/25\/04\/768x432\/skynews-new-york-stock-exchange_6875996.jpg?20250404150650","fifu_image_alt":"","footnotes":""},"categories":[1],"tags":[13382,2627,1854,476,52,1244,1396],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/274455"}],"collection":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/comments?post=274455"}],"version-history":[{"count":1,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/274455\/revisions"}],"predecessor-version":[{"id":274457,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/posts\/274455\/revisions\/274457"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media\/274456"}],"wp:attachment":[{"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/media?parent=274455"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/categories?post=274455"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.talkwithrattan.com\/index.php\/wp-json\/wp\/v2\/tags?post=274455"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}