New Trump Rant Instantly Sends Stock Futures Sharply Down
President Donald Trump sent stock futures into negative territory instantly with a Truth Social rant about trade relations with China amid topsy-turvy court decisions about his tariff policies.
The old adage that “Presidents can move markets” has been on vivid display since Trump took office again, even spawning the Wall Street “TACO (Trump Always Chickens Out) trade” strategy — an attempt to mitigate the effect.
On Friday morning, yet another example of the Trump effect presented itself when the president blurted out a new Truth Social rant, writing:
Two weeks ago China was in grave economic danger! The very high Tariffs I set made it virtually impossible for China to TRADE into the United States marketplace which is, by far, number one in the World. We went, in effect, COLD TURKEY with China, and it was devastating for them. Many factories closed and there was, to put it mildly, “civil unrest.” I saw what was happening and didn’t like it, for them, not for us. I made a FAST DEAL with China in order to save them from what I thought was going to be a very bad situation, and I didn’t want to see that happen. Because of this deal, everything quickly stabilized and China got back to business as usual. Everybody was happy! That is the good news!!! The bad news is that China, perhaps not surprisingly to some, HAS TOTALLY VIOLATED ITS AGREEMENT WITH US. So much for being Mr. NICE GUY!
That rant was instantly followed by a drop in key stock futures indices like the Dow Jones Industrial Average, which sank 128 points in minutes. The S&P 500 and the NASDAQ also experienced shrp drops that CNN business correspondent Matt Egan called “not massive, but a significant shift in direction.”
Trump similarly sent futures crashing a week ago when he dropped a pair of new tariff threats on social media.
Watch above via CNN News Central.
