Dow futures plummet overnight as stock market tanks in response to Donald Trump’s idiotic tariffs

Dear Palmer Report readers: it's Bill Palmer. I'm as sick of Trump as you are. I'm expanding Palmer Report's operations so we can lead the fight against Trump. Click here to donate $25 or $50.

Donald Trump put his new idiotic tariffs against Mexico in Canada into effect over the weekend, meaning we didn’t get to see an immediate impact on the stock market. Actually, we did when the Dow Jones industrial average dropped 300 points on Friday on the mere fear that Trump might go through with his tariffs. Now that Trump has actually done it and stock market futures are actively trading tonight, they’re tanking.

Dow futures are now down more than 600 points this evening, as Wall Street makes it very clear that it sees Trump‘s tariffs as a disaster. Everyone on earth except Donald Trump knows that a trade war can only backfire on the nation that starts it. Yet senile Trump is out there bragging about how well he thinks it’s going.

But now the real world is pushing back against Trump’s senile delusions in jarring fashion. Prices will soon spike and shelves will start to go bare, and mainstream Americans will blame Trump for that. But before we even get to that point, a lot of Americans are gonna be enraged at what Trump is doing to the stock market. Most Americans are not invested in the stock market, but most Americans think the stock market is the economy. And Trump is tanking it.

Dear Palmer Report readers: it's Bill Palmer. I'm as sick of Trump as you are. I'm expanding Palmer Report's operations so we can lead the fight against Trump. Click here to donate $25 or $50.