Fox News displays a ticker showing the live collapse of the stock market with every word Trump has said, announcing tariffs on allies.

https://newrepublic.com/post/192261/fox-news-stock-market-tanks-trump-press-conference

While Donald Trump took questions from the press at the White House Monday afternoon, the stock market plummeted, and Fox News displayed a graphic showing the dip while carrying Trump’s remarks live.

Trump told reporters that he planned to enact his long-threatened 25 percent tariffs against goods from Mexico and Canada and 10 percent tariffs against goods from China starting Tuesday, to which the Dow Jones, Nasdaq, and S&P 500 did not respond well. Fox News, along with their usual breaking news chyron, also had the Dow index displayed while Trump was speaking, showing a fall of more than 650 points.

Trump’s remarks were preceded by his early afternoon announcement on Truth Social addressed to “the Great Farmers of the United States.”

“Get ready to start making a lot of agricultural product to be sold INSIDE of the United States. Tariffs will go on external product on April 2nd. Have fun!” Trump posted. But it seems that there was little fun to be had in the stock market based on the fears of higher prices and other negative ripple effects.

This, coupled with fewer food imports from three of America’s largest trading partners, will ultimately lead to higher food prices across the country, something that Trump campaigned against during the 2024 election and that ultimately played a factor in his victory. Plus, the prices of various other goods, from cars to electronics to over-the-counter pills, also will likely see a sharp increase.

Don’t expect Trump to take responsibility for a sinking stock market or higher prices, though. He’s already saying that rising inflation isn’t his fault and has tacitly admitted that his tariffs will cause prices to go up. His administration is even discussing how to juke economic numbers to try and hide how badly Trump’s radical changes, including those from Elon Musk’s Department of Government Efficiency, are hurting the economy. It looks like our wallets are about to have a rough spring.