Access to international markets is the lifeblood for a lot of red districts’ economies—think tractors, soy beans, medical devices—and making those products less appealing as exports is a first punch in a one-two combo that now includes higher costs in the aisles for imports that used to be cheaper goods from China, Singapore, and India. At the White House on Monday, Trump dismissed those playing the markets as stupid cowards who did not share his optimism that a golden age of American power is just off the horizon, if only they have the patience. As the White House continued to insist everything is fine and even floated a spin-up of tariffs on China to reach 130% penalties, Wall Street continued to slide into an open rebellion against a White House that not that long ago seemed like a natural ally.
Author: Philip Elliott
Published at: 2025-04-07 22:07:34
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