Trump tariffs live updates: 'Only the weak will fail,' Trump says as markets fall

[riversedge]

Source: abc


The Dow plummeted 2,230 points, or 5.5%, while the S&P 500 plunged 6% on Friday.

Last Updated: April 4, 2025, 7:03 PM CDT

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Thursday was the worst day for U.S. stock markets since June 2020. China struck back on Friday, announcing a 34% tariff on American goods as other foreign leaders weigh their response..................


“Big business is not worried about the Tariffs, because they know they are here to stay, but they are focused on the BIG, BEAUTIFUL DEAL, which will SUPERCHARGE our Economy,” Trump wrote.


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As markets tumbled and fears of recession grew, Trump had no public events and spent most of it playing golf at the Trump International Golf Club.

Trump arrived at the golf club at 9:45 a.m., according to the pool traveling with him, and left the club around 3:30 p.m.

However, on Friday afternoon, he posted a five word message in all caps post on Truth Social.
Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, April 3, 2025.
Brendan Mcdermid/Reuters

"ONLY THE WEAK WILL FAIL!"




Read more: https://abcnews.go.com/Politics/live-updates/trump-tariffs-live-updates-stellantis-temporarily-layoff-900/?id=120449471&entryId=120501658

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Link to tweet

Link to tweet

[DallasNE]

1. This Is Not The Message The Markets Need To Hear

So Monday will be another bloodbath on the stock markets. I suspect the aftermarkets are saying much the same thing. And it reconfirms how out of touch Trump really is.

[Jack Valentino]

2. Anyone have a price update on "Truth AntiSocial" ??? lol

[muriel_volestrangler]

4. His stock scam? Half the price it was after the election; a third of its 2024 high before that

a fifth of a 2022 price, but that may have been some predecessor shell company - I can't be bother to look the history up.

It's Interesting How Truth Social Moved to Sell Stock Right Before Trump's Tariffs Were Announced

As the Financial Times reports, Trump Media and Technology Group (TMTG) revealed that it was planning to sell more than 142 million shares in a late Tuesday filing with the Securities and Exchange Commission.

Most notably, the shares listed in the document include Trump's 114-million-share stake, which is worth roughly $2.3 billion and held in a trust controlled by his son Donald Trump Jr. Other insiders, including a crypto exchange-traded fund, and 106,000 shares held by US attorney Pam Bondi were also included in the latest filing.

While the filing doesn't guarantee any future sale of shares, investors weren't exactly smitten with the optics. Shares plunged eight percent in light of the news, according to the FT, and are down over 45 percent this year amid Trump's escalating trade war.
...
Trump also vowed in September that he wasn't planning to sell any of his TMTG shares, which caused their value to spike temporarily at the time.

Now that the shares are up for grabs, the president has seemingly had a change of heart — or, perhaps, is getting cold feet now that the economy is feeling the brunt of his catastrophic economic policymaking. It's also possible Trump was always planning to cash out and leave investors exposed.

https://uk.finance.yahoo.com/news/interesting-truth-social-moved-sell-184740434.html

[Karasu]

3. So they're straight-up fucking admitting to being Social Darwinists now. Go figure.

Can't say I'm surprised we're here now. Fascists love this kind of fucking talk. They love, love, love to see themselves as virtuous, hard workers who work harder than anyone else (because everyone they don't like is lazy and jobless, don't you know) and relish in this ancient idea that absolutely everything in life should be tied to that--that no one fucking deserves anything in life if you dare to not lick the boot 24/7, or otherwise dare to question the status quo whatsoever.

[liberalgunwilltravel]

5. The weakest has failed

You! Donald are the biggest failure in the history of the nation. A failed human being, a failed businessman, and now a twice failed wannabe president. Fuck you and the golf cart you road in on.

[tavernier]

6. Translates to

Let them eat cake.

[Escape]

7. "The weak", to Trump..

are those who aren't filthy rich. The weak are old people, people with medical problems, working class people and all of us who are struggling to make ends meet..

Trump and his Nazi Regime are eager to dispose of the weak.