Trump's wealthy friends may have made billions of dollars from tariff panic. The U.S. president personally boasted about this on camera.
The wealth of the richest people in the world increased by a record $304 billion. This happened after U.S. President Donald Trump's decision to delay the increase in import tariffs for 90 days. banksta
There is a version that in the US markets yesterday unknown individuals used insider information for trading.
Before Trump wrote, "Now is a great time to buy!" a certain group opened large positions in the US stock market. They had a 20-minute head start. SPY 509 options trades were opened just before the news — they increased by 2100% in an hour. banksta
It seems that the powerful of this world have agreed among themselves to bankrupt the ordinary population and are staging a performance. I want to be wrong, but it looks very much like that.
What happened in the U.S. stock market? At 10:10 AM (Eastern Time), rumors emerged that the White House was considering a '90-day tariff pause.' At 10:15 AM, CNBC reported that Trump was considering a 90-day suspension of tariffs for all countries except China. By 10:18 AM, the S&P 500 had gained over +$3 trillion in market capitalization.
the market slightly recovered and returned to bears
Trump promised additional tariffs of 50% on top of those already announced on goods from China if Beijing does not abandon retaliatory measures.
"Yesterday, China imposed retaliatory tariffs of 34% — on top of already record-high existing tariffs, non-monetary barriers, illegal subsidies for companies, and large-scale long-term currency manipulation, despite my warning that any country that responds to the U.S. with additional tariffs — beyond the already existing long-term trade abuses against our country — will immediately face new and significantly higher tariffs, in addition to those already in place.
Major stock quotes on the New York Stock Exchange fell more than 5% on Friday after China announced the introduction of additional tariffs of 34% on all products imported from the USA starting April 10.
The Dow Jones Industrial Average fell by 2,231.07 points (5.5%) to 38,314.86 points, marking a historical record drop.
The S&P 500 lost 322.44 points (5.97%), decreasing to 5,074.08 points. The Nasdaq electronic exchange index fell by 962.82 points (5.82%) to 15,587.79 points.
Valeria Fedyakina "Bitmama", accused of stealing 2.2 billion rubles in crypto, said that she herself became a victim of her partners. The defendant said that she worked with businessmen Vargam Stepanyan and Gagik Gulakyan, who told her that their financial activities were directly invested in by Samvel Karapetyan, the founder of the Tashir group of companies. According to Fedyakina, the businessmen subsequently emptied the cash register of the BitmamaFinance company by more than $40 million, stating that they had invested the money in "long-term investments".
The partners assured that they would return the funds that they spent on the purchase of two tankers and 1.5 tons of gold, and promised that after the sale of the precious metal, they would return the funds to the cash register, and register the tankers in her name and "close the debts", offering to continue working and "not worry". They found out "her maximum" and could steal money. banksta #Criminal #rucriminal
S&P index futures fell due to Trump's tariffs. The US stock market lost more than $2 trillion.
Russia, Belarus, and Iran are not on the list of countries against which the US is imposing reciprocal tariffs due to the enormous number of sanctions. Trump aims to earn $600 billion a year from tariffs. Canada and Mexico are exempt from reciprocal tariffs. banksta