Is The Trade War Worth
Trillions In Losses To America
April 16. 2025
Donald Trump
The U.S. stock market lost $1.5
trillion dollars today. The markets have become
unstable due to President Trump's trade war replete
with sizeable tariffs. Major world nations such as
China and Canada, among others, are diverting deals
from America worth hundreds of billions of dollars,
due to what they describe as disrespect from the
U.S. government.
Americans are having it hard. The
inflation created by former President Joe Biden, who
tried to wean America off fossil fuels the hard and
painful way, financially impoverished many people
and failed to work to make the country use cleaner
energy. All his foolish plan did was drive up the
cost of everything in America. While America does
need to use cleaner energy, Biden's policies were
not the way to do it, as seen in the very poor
results.
The public had been hoping for
a fresh start with President Trump, in an effort to
remedy the nation's financial woes. However, the
trade war he started with the world weeks ago has
raised the cost of many materials companies need to
effectively run their businesses in America and make
healthy profits. These extra costs are once again
being passed on to the consumer in higher prices,
creating more financial hardships in America. The
American way of life is deteriorating. People are
suffering.
I don't agree with the trade war. I
warned against it in 2018 when Trump first tried it
then lost over $27 billion to China in agricultural
losses alone, which proved my warnings correct (China
Has Won The Trade War Against The United States
Confirming My Previous Predictions).
This time it is going to be even worse, as the
breadth of the current trade war is exponentially
larger.
President Trump announced today that
the trade war has brought in $21 billion in tariffs.
However, what about the losses. Many nations hit
America with increased tariffs which took billions
away from the United States. The stock market has
lost $9.6 trillion dollars. America has lost a few
hundred billion dollars in deals that China, Canada,
Mexico, the EU and Hong Kong gave to other nations
when Trump hit them with higher tariffs. America is
in the red from Trump's trade war and losing huge
sums of money because of it everyday. This
trade war is damaging America in a very serious way.
STORY SOURCE
U.S. stock market has wiped out $9.6 trillion
since Inauguration Day
U.S. stocks have had a rough go of
it since President Donald Trump was sworn into
office for his second term in January. Since Jan.
17, the Friday before Inauguration Day, the U.S.
stock market has seen $9.6 trillion in value erased,
according to data from FactSet and Dow Jones Market
Data. Of those losses, $5 trillion has been erased
just over the past two days -- the largest two-day
loss on record.
Major equity indexes were seeing
their losses deepen in early trading on Friday. The
Dow was down by more than 1,200 points in recent
trading, bringing its losses since the market opened
on Thursday to nearly 3,000 points. The S&P 500 was
down by 3.6%, while the Nasdaq Composite was off by
3.8%, leaving it on the cusp of bear-market
territory. The Russell 2000 has fallen by another
4.1% since it became the first major U.S. equity
index to enter bear-market territory on Thursday.
Ken Jimenez contributed. S&P 500 SPX (S&P US)
https://www.marketwatch.com
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