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How Trump Wiped Out $10 Trillion in Wealth in 3 Days

How Trump Wiped Out $10 Trillion in Wealth in 3 Days

The Daily vor 1 Jahr

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36:09

On Monday, global stocks whipsawed over President Trump’s
tariffs, a bear market briefly became official in the United
States and tit-for-tat retaliation with China intensified.

As trillions of dollars in corporate value evaporates and Mr.
Trump’s support in the business world is cracking, even
Republican members of Congress are debating whether to take away
the president’s power to wage a trade war.

Andrew Ross Sorkin, who covers business and policy, and Jonathan
Swan, who covers the White House, talk through the tumultuous
past few days on the stock market.

Guest:

Andrew Ross Sorkin, a columnist and the
founder and editor-at-large of DealBook, which publishes the
flagship business and policy newsletter of The New York Times.

Jonathan Swan, a White House reporter for The
New York Times.

Background reading:

DealBook: Does Mr. Trump Have an “Off Ramp”?

What is a bear market? Are we in one?

China says it will “fight to the end” after Mr. Trump
threatens more tariffs.

For more information on today’s episode,
visit nytimes.com/thedaily. Transcripts of
each episode will be made available by the next workday.

Photo: Timothy A. Clary/Agence France-Presse — Getty Images

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