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.

  • Soup@lemmy.world
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    16 hours ago

    Until no one can afford their stuff and drop it. Capitalism is hitting the inevitable point where infinite growth is impossible as it involves making the customers poorer which is not exactly great for business.

      • Soup@lemmy.world
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        14 hours ago

        Yes, but they keep saying that the only way to do it is by having strong unions, workers’ rights, and are demanding higher pay. Higher pay! Like we’re made of money!