The Power of Digital Politics: The Economic Impact of Trump’s Tweets

To paraphrase a famous cliché, “As Trump tweets, so goes the stock market.” Last Thursday, Japanese car maker Toyota’s stock plummeted following a Donald Trump tweet critical of the company’s announcement it was opening a plant in Mexico which would produce Corollas to be sold in the U.S. This was only the latest incidence of various companies’ stocks rising or falling following Trump’s Twitter commentary on their businesses decisions. While it is tempting to interpret…

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