Tariffs Explained

After Trump’s announcement of increased tariffs on more than 75 nations, the S&P 500 had entered bear market territory, having shed nearly 20% off its recent high under Biden. All American stocks dropped $7.7 TRILLION in value.

“Instinctively, more than anything else,” Trump when asked how he’ll determine tariff exemptions. “You almost can’t take a pencil to paper. It’s really more of an instinct, I think, than anything else.”

What. An. Idiot.