President Donald Trump's 90-day tariff reprieve, with China being the only exception, spurred the stock market to soar yesterday, the S&P by 9%, the third-largest gain in a day since WW2, the Dow Jones had its biggest percentage gain since March 2020 and the Nasdaq the biggest one-day gain since January 2001, and second largest ever. However , noting that this 90-day delay will still mean a 145% duty of all goods from China, 25% tariffs targeting much from Canada and Mexico and 10% levy on all other imports from the world over, the market sank again today:  S&P dropped 3.46%, Dow Jones down 2.5%  (1,015) and Nasdaq Composite declined 4.31%.  Gold rose to $3117.60/ounce, 3.2% higher.  Bitcoin fell to just under $80,000, Coinbase fell 6%, while Ether and Strategy lost 8%.  Tomorrow?  Depends on what Trump does to further his insider options. Time  magazine speculated : Other Democrats raised more serious concerns. Sen. Adam Schiff of California t...

Those Trump tariffs are roiling the stock markets of the world .  From the New York Times this morning: From CNBC today: The   Dow   on Monday saw its largest gap in points between session highs and lows on record. The blue-chip average traded up as high as by around 892 points and as low as about 1,703 points in the red, as of shortly after 3 p.m. ET. That 2,595.24-point swing is the widest in the 30-stock index’s history, according to a CNBC data analysis. Today is the third straight day of of more negatives . Trump   said   Sunday evening on the market rout: “I don’t want anything to go down, but sometimes you have to take medicine to fix something.” Further: Trump then threatened China on Monday via Truth Social: “If China does not withdraw its 34% increase above their already long term trading abuses by tomorrow, April 8th, 2025, the United States will impose additional tariffs on China of 50%, effective April 9th. Additionally, all talks with China concern...

Before our science topic of this Wednesday, first the latest in the politics of the USA. About Trump reciprocal taxes and Liberation Day, let's start by being realistic.  The U.S. has a sizable trade deficit every year mostly because our exported products are too expensive.  Start with a simple matter of what it costs to produce anything.  Unions are part of the problem, too, but workers here get paid from $30 to $40/hour in many industries.  That is what is earned by employees in China...but per day.  And that's high, for here is what is the  monthly wage in these Asian countries per month :  China $193-332, Vietnam $107-$156, India $74-$223 and Cambodia $122. In the Rose Garden at 4:10PM EDT today, you can yourself  watch President Donald Trump's Liberation Day remarks : Tariff speech shared some facts, exaggerated a lot, downright lied here and there, and continues the process of screwing up the best current economy of the world, ours. There wi...