Skip to main content

Dow Tumbles Over 300 Points, Wiping Out Gain For Year, As Trump Directs More Tariffs At China

P&G's stock went up, likely on anticipated Pepto sales

CNBC: "Stocks fell sharply on Tuesday after President Donald Trump's latest threat to China increased fears of an impending trade war between the world's largest economies.

The Dow Jones industrial average fell 329 points, with Boeing, DowDuPont and Caterpillar as the worst-performing stocks in the index. The 30-stock index also erased all of its gains for the year and was on pace to post a six-day losing streak, its longest since March 2017."

Axios: "President Trump announced on Monday that he wants to identify $200 billion worth of Chinese exports on which to add tariffs of 10% — in addition to the $50 billion in tariffs the administration has already announced — which could set off the next battle in a burgeoning trade war.

What to expect: China has said it will hit back with its own tariffs, as it has done before. If that happens, Trump said in last night's announcement that he wants to identify another $200 billion of Chinese exports to tax. That would total $450 billion in Chinese exports. China exported $505 billion to the U.S. in 2017, so the U.S. would nearly run out of exports to tax. The U.S. exported about $130 billion to China last year."

America should have elected an economist to run the government instead of an actor.

Popular posts from this blog

Ron Paul’s Devious Plan to Steal the Presidency

This is an absolute hoot! Ron Paul hating Republicans are in panic mode. The website Hillbuzz.org includes in its blogroll Ann Coulter, Michelle Malkin and Conservatives4Palin. Hillbuzz is so utterly revolting that I may just have to subscribe to its updates. Up until yesterday, I really hadn’t taken the Ron Paul campaign very seriously. Most non-Paul voters probably felt like I did, and laughed him off as that “kooky Uncle” who didn’t have a chance in hell to win the Republican nomination for President. Well, I’ve changed my mind. Big time. Yesterday I attended the Republican organizational convention for my Senate district here in Minnesota, and what I witnessed was an organized take-over of our nomination process by Ron Paul cultists. They came to this convention with the sole intent to take over as many of the delegate seats as they could, and sadly, they succeeded. Read the rest here Hillbuzz 

How To Gain More Twitter Followers

Earlier today, I wrote : "My goal is to write a book before the end of March. My goal is to spend no more than a week from start to publication, spending as much time as I need in order to get it done during that week. My goal is to give it away to you for free here on HumbleLibertarian.com. What's a goal you have? Something you may have been putting off for years? Something you could accomplish in one month if you were determined? If it's near-term enough of a goal, and specific enough of a goal, and you share it in the comments below, feel free to tell me how I can help you and I'll do whatever I can. If it's a libertarian / news / politics-related goal, my manner of help would be easy to determine. I could promote it, introduce you to someone via email, (etc.). If it's something apolitical like quit smoking cigarettes, start exercising, learn guitar, start a business, gain more Twitter followers, learn another language, eat a paleo diet, or...

IRS Admits Targeting Tea Party!

You think Matt Drudge is just being hysterical in that screenshot above? With that ALL CAPS headline about the IRS? Being hysterical, while trying to sell you chocolate covered strawberries for Mother's Day? Well guess again, because you know this is seriously crazy when even the AP is using all caps for their headline , and filing it under a subdomain called "bigstory": The AP says : The Internal Revenue Service inappropriately flagged conservative political groups for additional reviews during the 2012 election to see if they were violating their tax-exempt status, a top IRS official said Friday. Organizations were singled out because they included the words "tea party" or "patriot" in their applications for tax-exempt status, said Lois Lerner, who heads the IRS division that oversees tax-exempt groups. In some cases, groups were asked for their list of donors, which violates IRS policy in most cases, she said. "That was wrong. T...
–––As Featured On–––