Donald Trump announced he will impose an additional 100% tariff on goods from China, on top of the 30% tariffs already in effect, starting November 1 or sooner. The threat is a massive escalation after months of a trade truce between the two nations.
Trump’s announcement is tied to Beijing ramping up export controls on its critical rare earths, which are needed to produce many electronics. As a result, Trump appeared to call off a meeting with Chinese President Xi Jinping that was scheduled for later this month in South Korea.
I’m sure my retirement account dropping drastically overnight is 100% coincidence
Somehow I only had a 3% loss in one day. I don’t know what my current distribution is, but it’s currently saving my ass. The biggest drop was in April (in the past 3 years). I should look at 2020, that should be a good shock.
3 percent would be a large drop in 6 months, let alone in a day.
Yeah I had to check what the fall actually was yesterday and 3% seems about spot on for the market as a whole. Which sucks, but it’s not like I can touch it anyway
My IRA will be 3 years old this year. I refuse to check the balance because I can’t handle any more bad news