Stock Market Plunges 223 Points in 5 Minutes After Trump’s Stunning China Tweets
By Tommy ChristopherAug 23rd, 2019, 12:38 pm
President Donald Trump appears to have sent the stock market into a dive with a few flicks of his fingers, as the Dow Jones Industrial Average plunged over 200 points in just five minutes following a series of unhinged tweets attacking China and Federal Reserve Chairman Jerome Powell.
At 10:57 Friday morning, Trump posted a tweet in which he asked “who is our bigger enemy, Jay Powell or Chairman Xi?”
Then two minutes later, Trump posted a series of tweets ranting against China in which he said, among other things, that “We don’t need China and, frankly, would be far better off without them,” and that American companies are “hereby ordered to immediately start looking for an alternative to China.”
Donald J. Trump
@realDonaldTrump
·13h
Our Country has lost, stupidly, Trillions of Dollars with China over many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue. I won’t let that happen! We don’t need China and, frankly, would be far....
Donald J. Trump
@realDonaldTrump
....better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..
44.9K
10:59 AM - Aug 23, 2019
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28.8K people are talking about this
Donald J. Trump
@realDonaldTrump
·13h
Replying to @realDonaldTrump
....your companies HOME and making your products in the USA. I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States. Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE,....
Donald J. Trump
@realDonaldTrump
....all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year. President Xi said this would stop - it didn’t. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way!
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10:59 AM - Aug 23, 2019
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Within five minutes of those tweets, the Dow plunged 223 points, then dropped another 150 points five minutes later.
Trump’s rant was a reaction to China’s announcement of retaliatory tariffs on $75 billion in U.S. goods. As of this writing, the Dow is down 431 points from its Friday opening.
https://www.mediaite.com/news/stock-market-plunges-223-points-in-5-minutes-after-trumps-stunning-china-tweets/
By Tommy ChristopherAug 23rd, 2019, 12:38 pm
President Donald Trump appears to have sent the stock market into a dive with a few flicks of his fingers, as the Dow Jones Industrial Average plunged over 200 points in just five minutes following a series of unhinged tweets attacking China and Federal Reserve Chairman Jerome Powell.
At 10:57 Friday morning, Trump posted a tweet in which he asked “who is our bigger enemy, Jay Powell or Chairman Xi?”
Then two minutes later, Trump posted a series of tweets ranting against China in which he said, among other things, that “We don’t need China and, frankly, would be far better off without them,” and that American companies are “hereby ordered to immediately start looking for an alternative to China.”
Donald J. Trump
@realDonaldTrump·13h
Our Country has lost, stupidly, Trillions of Dollars with China over many years. They have stolen our Intellectual Property at a rate of Hundreds of Billions of Dollars a year, & they want to continue. I won’t let that happen! We don’t need China and, frankly, would be far....
Donald J. Trump
@realDonaldTrump....better off without them. The vast amounts of money made and stolen by China from the United States, year after year, for decades, will and must STOP. Our great American companies are hereby ordered to immediately start looking for an alternative to China, including bringing..
44.9K
10:59 AM - Aug 23, 2019
Twitter Ads info and privacy
28.8K people are talking about this
Donald J. Trump
@realDonaldTrump·13h
Replying to @realDonaldTrump
....your companies HOME and making your products in the USA. I will be responding to China’s Tariffs this afternoon. This is a GREAT opportunity for the United States. Also, I am ordering all carriers, including Fed Ex, Amazon, UPS and the Post Office, to SEARCH FOR & REFUSE,....
Donald J. Trump
@realDonaldTrump....all deliveries of Fentanyl from China (or anywhere else!). Fentanyl kills 100,000 Americans a year. President Xi said this would stop - it didn’t. Our Economy, because of our gains in the last 2 1/2 years, is MUCH larger than that of China. We will keep it that way!
79K
10:59 AM - Aug 23, 2019
Twitter Ads info and privacy
32.4K people are talking about this
Within five minutes of those tweets, the Dow plunged 223 points, then dropped another 150 points five minutes later.
Trump’s rant was a reaction to China’s announcement of retaliatory tariffs on $75 billion in U.S. goods. As of this writing, the Dow is down 431 points from its Friday opening.
https://www.mediaite.com/news/stock-market-plunges-223-points-in-5-minutes-after-trumps-stunning-china-tweets/
