Wall Street’s worst crisis since COVID slammed into a higher gear. The S&P 500 plummeted 6% Friday, the Dow Jones Industrial Average plunged 5.5% and the Nasdaq composite dropped 5.8%.
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.