Mark down March 3, 2025. That was the day Wall Street finally realized that US President Donald Trump was serious about tariffs. On Monday, the S&P 500 fell nearly 2 percent as Trump confirmed what we at the Atlantic Council predicted in February—that the tariffs on Canada and Mexico were not mere threats, but actually likely to be implemented. The stock markets continued to fall on Tuesday as investors processed the news.
Hell, they probably used this as a time to do some quick stock buybacks on the cheap.
I almost feel like this was the intention. Bring the stocks down so his billionaire buddies can buy up more shares and then wait for the market to come back up. It’s effectively stock market manipulation, but now it’s protected because they can argue it’s an “official act”.