1 month ago
21
Not adjacent Fox News could enactment a affirmative rotation connected what was happening to the banal marketplace arsenic President Donald Trump unveiled caller tariffs connected Canada and Mexico connected Monday.
Trump praised Taiwan Semiconductor for its promise to put $100 billion successful caller manufacturing facilities successful the United States implicit the adjacent 4 years, noting it volition assistance the institution debar aboriginal tariffs.
“If they did them successful Taiwan to nonstop them here, they’ll person 25% oregon 30% oregon 50% oregon immoderate the fig whitethorn beryllium someday. It’ll spell lone up,” Trump said. “But by doing it here, helium has nary tariffs, truthful he’s mode up of the game.”
He called tariffs a “negative incentive” to get companies to put successful the United States.
But Wall Street wasn’t convinced.
As Trump spoke, the Dow Jones Industrial Average tanked ― and viewers could spot the fig plunging successful the bottommost close country of the screen:
The Dow yet finished down astir 650 points, portion the S&P 500 mislaid much than 100.
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