? The threats to world peace from U.S. President Donald Trump don’t seem to be helping America “be great again.” In just seven minutes, American investors lost $450 billion — the market crashed like a frying pan with overheated oil.
The drop began at 2:37 PM, when Trump announced that he would stop purchasing Chinese vegetable oil and launch “great American oil production.”
By 2:44 PM, the S&P 500 index had erased hundreds of billions in capitalization from the charts.
The president made this statement after accusing China of “sabotage” against American farmers. According to him, China is deliberately cutting imports of U.S. soybeans, growing its own instead, and thus creating problems for U.S. agriculture.
“We must produce our own oil — the best in the world, 100% American!” Trump declared — and judging by the market’s reaction, he managed to melt not only traders but also deep fryers on Wall Street.
Context:
- Any mention of “China” and “import restrictions” instantly hits the stock market — investors still remember the 2018 trade war.
- Back then, similar statements by Trump cost American corporations billions in losses and months of turbulence.
- Now analysts joke: “If he bans soy sauce next, the index will go negative forever.”
For businesses: Trump’s statements have become market triggers — from tariff talk to economic “self-production” recipes.
For investors: volatility is back, and that’s no metaphor.
For ordinary people: soon, “American oil” might become the new currency.
? As one X user summed it up: “This isn’t a trade war. It’s a gastronomic catastrophe.”
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