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News@lemmy.world · 2 days ago

Fear that Trump tariffs will spark recession wipes out more than $2 trillion in value from US stocks

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Fear that Trump tariffs will spark recession wipes out more than $2 trillion in value from US stocks

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News@lemmy.world · 2 days ago

U.S. companies had trillions of dollars in value wiped out Thursday after President Donald Trump slapped sweeping tariffs on foreign imports.

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Knightfox@lemmy.one
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1 day ago
Maybe but it could crash anyways. JP Morgan tried to stabilize the stock market in 1929 by buying up stocks, but it collapsed anyways and led to the Great Depression.

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