Summary

As the stock market plunged Monday due to Trump’s trade wars, he spent the day posting on Truth Social.

The Nasdaq fell 4%, its worst drop since 2022, while the S&P 500 lost nearly 3%. Major tech stocks, including Tesla, saw significant losses.

Trump posted over 100 times, endorsing his tariffs despite investor panic. A White House official dismissed the sell-off as irrational fear.

Commerce Secretary Howard Lutnick insisted a recession is unlikely. Trump avoided a clear recession prediction, calling the economy’s shift a “transition.”

    • Verdant Banana@lemmy.world
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      1 day ago

      while the democrats watch us all getting trained by Republicans doing nothing just like when they have the driver’s seat