Uncanny Valley | WIRED Why the Market Is Going Crazy This Week
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Apr 8, 2025 Louise Matsakis, WIRED’s Senior Business Editor, joins Zoë Schiffer to dissect the chaos in the stock market amid tariff news. They delve into how Trump's tariffs are reshaping consumer prices at giants like Walmart, while also tackling the bizarre aspects of tariffs affecting even uninhabited Antarctic islands. The conversation highlights the interplay between tech, social media, and market behavior, shedding light on how anonymous influencers can sway market dynamics and create unpredictability for small businesses.
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Market Reaction to Tweet
- Walter Bloomberg's tweet about Trump pausing tariffs caused market swings.
- This highlights market volatility and muddled White House messaging.
Tweet Source and Impact
- The tweet's origin was an unconfirmed report on X, relayed through various sources.
- This demonstrates how unverified information from anonymous accounts can impact markets.
Liberation Day Tariffs
- Trump's "Liberation Day" tariffs targeted all countries except U.S. adversaries like Russia and North Korea.
- Allies like South Korea and Japan faced high tariffs, exceeding 30%, while others received at least 10%.