On Tuesday, the stock market plummeted in the wake of President Trump’s troubling tweets about the possibility of a renewed trade war with China.
On Tuesday, the stock market plummeted in the wake of President Trump’s troubling tweets about the possibility of a renewed trade war with China. Despite Trump’s signals on Monday that he was backing off of a trade confrontation with China, he doubled down on Twitter on the supposed inherent good of tariffs themselves, going so far as to dub himself “a Tariff Man”:
Trump’s economic team has spun his knee-jerk protectionism as a tactic designed to negotiate “better” trade deals – but so far, those better trade deals don’t seem to be stronger than the status quo ante.
