The worldwide sell-off for financial markets is slamming into a higher, scarier gear. The S&P 500 tumbled 5.7% Friday, the Dow Jones Industrial Average plunged 2,034 points and the Nasdaq composite dropped 5.6%.
I think it’s moderately likely that Trump will soon be explaining on TV that a lot of people don’t know this, but tariffs actually aren’t a tax on the other country, they’re paid by people in the US. So they actually don’t work the way that a lot of people think they do.
I think it’s moderately likely that Trump will soon be explaining on TV that a lot of people don’t know this, but tariffs actually aren’t a tax on the other country, they’re paid by people in the US. So they actually don’t work the way that a lot of people think they do.