Trump's Tariffs in Chaos Already After Stock Markets Plunge

[Jilly_in_VA]

Donald Trump’s proposed 25 percent tariffs on all Mexican imports has been put on pause for a month.

The delay was revealed Monday morning after Trump spoke with Mexico’s president Claudia Sheinbaum Pardo by phone in a convo he described as “friendly”—a break from the so-far frosty relationship between the leaders.

There have been no reports that suggest a similar deal has been reached with Canada.

Sheinbaum said Mexico, as part of a deal with Trump, will immediately reinforce its northern border with 10,000 National Guard soldiers to curb drug trafficking into the U.S. She said there will be an emphasis on stopping the flow of fentanyl.

She added the U.S. has also committed “to working to prevent the trafficking of high-powered weapons into Mexico,” suggesting the border commitment will go both ways. Proposed retaliatory tariffs on American goods in Mexico have also been paused.

The sharp tariffs, which Trump admitted may bring “pain” to American consumers, were blamed for a sharp drop in the S&P 500 at opening on Monday. Despite announcing the tariffs Friday, they were set to go into effect Monday evening.

https://www.thedailybeast.com/trump-hits-pause-on-trade-war-just-as-pain-begins/

Yup, tanking the markets. Real smart, you orange slime!

[NoMoreRepugs]

1. Can't find it at the moment but saw a stat that 80+% of fetanyl that crosses border is brought in by US citizens.

[Bernardo de La Paz]

5. Less than 1% of fentanyl comes over Canadian border to US. Gun traffic much worse the other way

In a recent year, 40 pounds were confiscated at Canadian border to US, and 20,000 pounds from Mexico to US.

[MichMan]

2. What is your definition of the stock market tanking?

As of noon today, the Dow, NASDAQ, and SP500 are all about where they were at the beginning of the year.

[LeftInTX]

4. They dropped at the threat and rebounded after the pause

U.S. stocks slumped early Monday after the Trump administration moved to impose sweeping tariffs on the nation’s three largest trading partners in an escalating trade war, only to come roaring back when Mexico’s president said some of the tariffs would be delayed.
https://www.washingtonpost.com/business/2025/02/03/trump-tariffs-stock-markets-trade-war/

[MichMan]

8. So, pretty much what the stock market does every week

I find the terminology bordering on hysteria. A drop of 1-2 % is defined as "plunging" or "tanking" & if/when it rebounds 1-2%, it is said to be "roaring back" IMO a drop of a couple % is not "tanking" Of course, it will be changing up and down throughout the day as it always does.


For reference, the low for the S&P 500 this morning was 5,944. The same as it was Jan. 15. On Jan. 1 it was 5902. The highest it has been in the last year was 6128 and the lowest was 4908

[dalton99a]

3. He and his gang made untold millions from that little market manipulation

[LeftInTX]

6. Buy low as they say and that's what happened....

[sop]

7. The NRA/2A/MAGA morons will be up in arms over any crackdown on gun sales.

Most of these firearms are acquired legally from gun stores in U.S. border states by straw buyers with no criminal history, then "transferred" (sold at a profit) to smugglers who take them across the border into Mexico. It's a very profitable business. Trump's ATF won't do much to stop it.