Trump SAVAGE STOCK MARKET Response To PANIC, BLASTS China w/ NEW Tariff, Fed Holds EMERGENCY Meeting

Trump’s Tariff Response Sparks Volatility as Markets React to China and Fed Meeting

What a morning it’s been! We saw some serious jitters early on, with talk of market panic seemingly being the main headline. But as of 9:50 AM, it felt like a lot of that fear might have been overblown. We even saw the markets surge when some fake news about Trump pausing tariffs started circulating – which, if anything, shows just how ready people are to invest as soon as some of this uncertainty clears. Let me be clear, I don’t think Trump is backing down on these tariffs. We’re in it now, and he’s likely going to see it through.

Interestingly, while the American markets were digesting this news, the global markets in China and Taiwan were facing a significant downturn. This led to talks of emergency measures in those regions to stabilize their markets, with rumblings of Taiwan and the European Union potentially offering 0% tariffs to the United States.

Now, let’s look at Wall Street. Despite the earlier fears of a “Black Monday,” the Dow Jones Industrial was down only about 1% and was already starting to climb back up. The NASDAQ was actually up. It certainly didn’t feel like the doomsday scenario some in the media were pushing. As I said earlier, if you sell now, you lock in your losses.

Then came some major news: President Trump vowed to increase tariffs on China to 50% effective tomorrow, April 9th, if they fail to withdraw their retaliatory tariffs. This came after China issued retaliatory tariffs of 34%. Trump also stated that all talks with China concerning requested meetings would be terminated, while negotiations with other countries that have requested meetings would proceed immediately. I believe this strong stance is aimed at bringing China back to the negotiating table faster, especially after their market downturn this morning. We’ll have to see how the market reacts to this development throughout the day.

Adding another layer to this complex situation is the news that the Federal Reserve is holding a closed-door board meeting today at 11:30 Eastern. This is notable because Fed Chair Powell just indicated on Friday that they were not planning on cutting rates. The short notice of this meeting suggests they are addressing something pressing, and historically, such meetings have preceded significant policy actions like rate cuts during crises. If the Fed does decide to cut rates, it could certainly provide a boost to the markets.

Despite all this volatility, Trump’s approval rating has actually gone up, reaching 53% in a recent poll. This could be because many Americans don’t directly own a significant amount of stock and are more focused on bringing jobs back to the country.

We also heard from Jim Cramer, urging people not to panic and highlighting the potential for the United States to take a strong stance.

Ultimately, while there’s certainly a lot happening, the market’s resilience in the face of initial panic and the potential actions from both the White House and the Federal Reserve make this a situation we’ll be watching very closely. Remember, you don’t lose until you sell, so let’s see how things develop.