Stock Market Slides Further in Real Time as Trump Reveals Unnecessary Tariffs

I don't know about you, but I'm feeling deja vu watching billions of dollars vanish from the stock market, live, as Trump unveiled another "master" plan. The plan was universal tariffs, and he claimed that it would send the stock market rocketing up, or "to the moon" as Elon fanboys would say.

CNBC broadcasted the “Liberation Day” speech while showing the real-time after-hours stock prices for Apple (-4.5 percent), Nvidia (-3 percent), Nike (-5.7 percent), and many others on screen as Trump spoke, all of them plummeting.

“From the day of my election, the stock market went up in my first term, 88 percent, with NASDAQ going up 155 percent, more than any president has ever had in any term in office by far, and I think we’re going to blow that away,” Trump said, numbers turned red beneath him. “Maybe the numbers won’t show, but I think they’re going to show much better than even those numbers.”

I have a feeling those numbers are going to get the Sharpie Map treatment.

Hedgefund leaders indicated that the stock market was likely falling because traders had been hoping Trump’s 10 percent figure would be a cap on tariffs, not a baseline.

“If he would have come in with just the 10 percent, I think the markets would probably be up quite a bit right now. But because the tariffs came in bigger than many expected, I think what that does is it creates more downside volatility right now,” said one strategist.

At one point Trump promised that today would be the day that American industry “will be reborn.” He promised a new “golden age.”

I have a feeling the "gold" he's giving us will turn our necks green.