https://truthsocial.com/@realDonaldTrump/114293581018893404

Rip investments tomorrow 😢

So the trade war is on. There is no deying that this will continue since it's not possible that all countries agree on reducing tariffs. Most will retaliate. With the news of European Union reacting with the US tariffs the market on monday opening doesn't seem to spark any positive sentiment, similar to China reaction also.

So no one is going to stop any of this? Another 5% down day of retirement funds being destroyed? With the market down this hard this fast there is a realistic situation where this goes from a self create trade and industrial recession shock to a full on financials meltdown where major brokerage houses implode. They simply are not created to withstands 20% down moves in basically a week.

So again one must ask, what are the 300million americans who arent the corrupt oligarchs and Trump getting out of these fringe economic theories?

When the purpose is to destroy the economy, why are we going along with it? And exactly how is the tree of freedom doing?

More than 50 countries have contacted White House to start trade talks - Trump adviser

More than 50 countries have reached out to the White House to begin trade talks, the US national economic council director Kevin Hassett has told ABC News’ This Week programme. He said:

I got a report from the USTR last night (the office of the US trade representative) that more than 50 countries have reached out to the president to begin a negotiation.

But they are doing that because they understand that they bear a lot of the tariff.

And so I don’t think you will see a big effect on the consumer in the US because I do think that the reason why we have a persistent, long run trade deficit is these people have very inelastic supply.

They have been dumping goods into the country in order to create jobs say in China.

Kevin Hassett speaks to members of the media at the White House. Kevin Hassett speaks to members of the media at the White House. Photograph: Kent Nishimura/Reuters

Hasset denied that the tariffs were part of a strategy by Trump to crash financial markets to pressure the US federal reserve to cut interest rates, insisting there were would be no “political coercion” of the central bank.

As we have been reporting throughout the day, goods imported from dozens of countries and territories are now going to be taxed at sharply higher rates, and that is expected to drive up the costs of everything from cars to clothes to computers.

These tariffs – which can run as high as 50% - are meant to punish countries for trade barriers that Trump says unfairly limit US exports and cause it to run huge trade deficits.

It is unclear whether the tariffs will be long lasting or if Washington will lower or drop them in response to other countries negotiating to reduce their own tariffs and other trade barriers.

US retail giants predicted that prices were “highly likely” to start rising for US almost immediately after a 25% duty came into effect on exports from Mexico to the US.

Americans have been warned to brace for higher prices more generally too, with households fearing a recession in the future and higher inflation because of tariffs.

Trump’s team has said any short term shock to the economy will be worth the net positives of the tariffs, which the US president claims will help bring manufacturing back to the states and boost tax revenues.

To my knowledge this is the first circuit breaker to flip in any market during this whole fiasco. Oh also I think I need to take some medicine according to Dr. T.

The Dow and S&P500 futures doesn't look good. It will be a black monday most probably. But the scale we don't know yet. Probably just a circuit breaker Level 1 (-7%). Be careful trading this week since there couls be some bounces before another fall.

Trump Media lost millions of dollars in the current stock market downturn.(Picture from Fortune magazine).

So we are all in this together?

Somehow as soon as I saw this, my mind immediately connected to a scene from the movie Gilda - where Rita Hayworth tells Glenn Ford “I hate you so much, Johnny, that I would destroy myself just to take you down with me”.

—-

Yes, I think to myself, the Big Boys lost millions. But they have billions.

I lost 40 K of my retirement fund. And I don’t have another lifetime to recoup.

Losses mean different things to different people.

No, we are not in this together with the Big Boys.

—-

Donald Trump on Friday called for Federal Reserve Chair Jerome Powell to cut interest rates, even as his tariff blitz roiled markets and raised fears of a rebound in inflation.

"This would be a PERFECT time for Fed Chairman Jerome Powell to cut Interest Rates. He is always 'late,' but he could now change his image, and quickly," Trump said in a post on Truth Social. "Energy prices are down, Interest Rates are down, Inflation is down, even Eggs are down 69%, and Jobs are UP, all within two months - A BIG WIN for America. CUT INTEREST RATES, JEROME, AND STOP PLAYING POLITICS!"

Trump's post comes as global equity markets are selling off sharply. The president's new tariff policy, unveiled Wednesday, has raised concerns about a global economic slowdown.

The new trade policies may also be a barrier that keeps the Federal Reserve from cutting. The central bank has paused its rate cuts in recent meetings, in part because progress on reducing inflation appeared to have plateaued. The new tariffs could lead to a widespread rise in prices, at least temporarily, that further complicates the inflation picture.

Thinking back to the Smoot-Hawley Tariff Act 1930. We all know how that went – massive tariffs, supposed to help, but instead they strangled global trade and were a major factor in turning a recession into the Great Depression. History gave us a clear blueprint of what not to do.

Then we have the same shit show now. Same logic, same protectionist policies, same disregard for global economic consequences. It's not even a parallel anymore; it was a repeat.

And let's be real: the consequences are locked in now. Ignoring the Smoot-Hawley lesson wasn't just a mistake, it set us on a path we can't easily get off. The economic damage from those kinds of trade wars and protectionism doesn't just vanish.

So, I'm calling it: This isn't a prediction or a worry anymore. Based on history showing us exactly what happens, we are heading for another Great Depression. The setup is complete. Smoot-Hawley showed the cause and effect, we repeated the cause, and the effect is coming.

History doesn't just rhyme; sometimes it repeats precisely when ignored. Get ready, pals.

Guys, be careful when something looks too obvious in the market. There’s a ton of people loading up on puts this week, betting on a crash, but that could be a setup for manipulation. How does it work? Easy: the big players (banks, funds, etc.) know where the crowd’s pain points are like a bunch of puts waiting for a drop. So, they might push a massive gap up, pump the price for a few days, burn those puts (making them worthless), and then crash it hard afterward. It’s not a conspiracy, it’s just the game: they move the price to where their wallets win. Stay sharp, ‘cause when everyone’s betting on the same side, the market loves flipping the table.