Steve Moore Identifies ‘The Real Villain’ Behind Friday’s Market Drop

Clear Facts

• Economist Steve Moore blames China for the recent sharp downturn in the U.S. stock market.
• The Dow Jones dropped 2,200 points following President Trump’s announcement of new tariffs.
• China announced a 34% tariff on all U.S. imports as a retaliatory measure against Trump’s tariffs.

Economist Steve Moore has pointed the finger at China as the main culprit behind the significant drop in the U.S. stock market last Friday. Moore emphasized that the market’s nosedive was a direct result of China’s retaliatory actions against American economic policies.

“The real villain here is China. And, as you know, the reason the market tanked today is because China tried to retaliate against it,” Moore stated, describing the situation as “an economic declaration of war against the United States.”

The Dow Jones Industrial Average plummeted by 2,200 points, marking the second consecutive day of steep declines. This downturn followed President Donald Trump’s announcement of sweeping new tariffs, which sent shockwaves through global markets.

Moore stressed the importance of the United States rallying its allies to counter China’s economic strategies.

“They are an enemy of the United States. They’re engaged in predatory trade practices. They don’t play by the rules. They cheat, and they steal. That’s the country we have to bring to heel here,” he asserted.

Despite the ongoing trade tensions, Moore expressed confidence that the United States could emerge victorious, potentially weakening China’s economic position significantly.

“They cannot win a trade war with the United States. They cannot possibly win that. And Trump is using that leverage to force them to play by the rules,” Moore explained.

In retaliation to Trump’s tariffs, China has announced a 34% tariff on all U.S. imports, effective April 10, according to the country’s Finance Ministry. President Trump responded on social media, stating that China “played it wrong” and predicting that his economic policies would eventually lead to a “boom” in the stock markets.

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