[adrotate group="2"]
STOCK MARKET MELTDOWN! TRUMP DROPS A TARIFF BOMB!
U.S. Stock Futures CRASH as Trump Prepares Tariff Letters!
Hold on to your wallets, folks! U.S. stock futures plunged into the abyss on Friday like a runaway rollercoaster after President Trump announced he’s about to unleash a torrent of tariff letters to countries—sparking panic across Wall Street!
In a shocking declaration, Trump revealed that he’d be sending out 10 to 12 deadly letters on Friday alone, with more to follow in the coming days, sending the financial world into a frenzy as the ominous tariffs are set to kick in on August 1!
And the numbers? Brace yourselves! Tariffs could soar as high as a jaw-dropping 60-70% for some nations, while others might still face hefty charges of 10-20%. It’s a tax time bomb waiting to explode!
As the U.S. markets were on holiday for July 4, futures linked to the Dow Jones Industrial Average took a nosedive, plummeting by 251 points, or 0.56%! The S&P 500 and Nasdaq didn’t fare any better, sliding down by 0.64% and 0.68% respectively!
OIL PRICES SLIP, GOLD TICKS UP—AMIDST THE CHAOS!
As the financial fallout continues, U.S. oil prices skidded 0.75% to $66.50 per barrel, while Brent crude slipped 0.41% to $68.52. Surprisingly, gold managed to edge up 0.11% to $3,346.70 per ounce, but the dollar took a hit, losing value against both the euro and yen!
TICK-TOCK! TRADE DEALS IN CHAOS!
The Trump administration has been scrambling since the president hit the pause button on tariffs during the “Liberation Day” negotiations. That 90-day grace period is set to crumble on July 9, and shockingly, only a few flimsy trade deals have materialized. Wall Street has been anxiously waiting for Trump to announce a possible extension, but now, everything is hanging by a thread!
Experts warned of the possibility of last-minute changes—each tick of the clock increasing the urgency. Will Trump leave the door open for most countries? Or will he zero in on the “worst offenders” with a vengeance? The stakes couldn’t be higher!
But will Trump risk unleashing another catastrophic selloff like that infamous April debacle? Capital Economics ominously cautioned that assuming he won’t could be the height of complacency!
TRUMP’S FIERY DECLARATION! NO MORE DIPLOMACY!
Trump has been adamant about his preference for unilateral tariffs over lengthy negotiations. In a bold interview, he proclaimed his desire to shoot off those letters rather than engage in endless talks.
“I’d rather just send them a letter, very fair letter,” he declared. “Congratulations, you’re gonna pay tariffs from 20% to 50%!”
When pressed about extending the pause, he cavalierly replied, “I don’t think I’ll need to. There’s no big deal!”
So there you have it—letters are coming, and Trump has made it clear: “That’s the end of the trade deal!”
As the countdown to disaster looms, all eyes are on Wall Street. Will they brace for impact, or will the economy spiral into chaos? Stay tuned for the latest updates in this unfolding financial saga!
photo credit: fortune.com
[adrotate group="2"]
