US stock market loses $5 trillion in value as Trump ploughs ahead on tariffs
www.straitstimes.com
The benchmark S&P 500 fell 2.7 per cent, its biggest daily drop of the year. Read more at straitstimes.com.

NEW YORK - President Donald Trump’s tariffs have spooked investors, with fears of an economic downturn driving a stock market sell-off that has wiped out US$4 trillion (S$5.3 trillion) from the S&P 500’s peak last month, when Wall Street was cheering much of Mr Trump’s agenda.

    • UnderpantsWeevil@lemmy.worldEnglish
      44·
      1 day ago

      Me, a liberal in 2025: “Those stupid conservatives will never learn. They keep supporting the same tired crop of losers and idiots, while the situation in this country just gets worse by the day.”

      Also me, a liberal in 2028: “I’m extremely excited to vote for Hillary Clinton because she’s the most qualified person for the job and she will definitely fix everything.”

      • pachrist@lemmy.worldEnglish
        5·
        6 hours ago

        I feel like someone will be screaming at me in three years because I’ll be unhappy that Liz Cheney is the Democratic nominee. It’ll be the lesser of two evils, maybe.