Market Watch (April 4)
Trump’s tariffs are sparking the “worst week for stocks since 2020” and leading the VIX volatility index to a new high for the year. “U.S. stocks showed signs of ‘capitulation,’ or a move toward ‘panic selling,’ on Friday” as the “tariffs wreaked havoc in the stock market… stoking fears of a trade-war escalation that could lead to a recession.”
Tags: China, Destruction, Economic growth, Empower, Families, Global trading system, Higher inflation, Highest, Rules, Tariffs, Tax increase, Trump, U.S., Unemployment, Wealth
New York Times (March 31)
President Trump is poised to introduce what are at least “the nation’s highest tariffs since the 1940s.” Unfortunately, these will lead to “lower economic growth, higher inflation, higher unemployment, the destruction of wealth and a tax increase on American families.” In addition, they “will deal a blow to the rules underlying the global trading system and further empower China.”
Tags: Destruction, Economic growth, Empower, Families, Global trading system, Higher inflation, Highest, Rules, Tariffs, Tax increase, Trump, U.S., Unemployment, Wealth
