Dow sinks on Trump's steel, aluminum tariffs

[fleur-de-lisa]

http://thehill.com/policy/finance/390057-dow-sinks-on-trumps-steel-aluminum-tariffs

The Dow Jones industrial average sank 250 points Thursday morning after Trump announced that he would impose steel and aluminum tariffs on Canada, Mexico and the European Union (EU).

The S&P 500 dropped 0.5 percent.

Both Mexico and the EU announced retaliatory tariffs in response to Trump's announcement, with Mexico promising to slap taxes on American steel products, pork and various agriculture, and the EU imposing taxes on imported American bourbon, jeans and motorcycles, among other products.

U.S. steel stocks, however, got a boost from the protectionist measures, with stocks in companies such as U.S. Steel spiking as much as 7 percent in early trading.

[onecaliberal]

1. So much winning...

[Freethinker65]

2. And when Trump suddenly decides nah, and the market recovers, someone will have made lots of money

Trump loves dicking around with the stock market just because he can.

[notdarkyet]

3. I was thinking that just this morning. The markets better get a grip or keep being subject to

His machinations. He should not be allowed to screw with the economy.