By TCI Magazine
The United States Stock Market last Friday plunged as soon as White House Press Secretary, Karoline Leavitt, confirmed that President Donald Trump would levy tariffs.
The stock market futures dropped 450 points before trading opened Monday.
Writing on the issue, U.S. foremost political analyst, Heather Cox Richardson, said “Trump inherited the best economy in the world from his predecessor, President Joe Biden, but on Friday, as soon as White House press secretary Karoline Leavitt confirmed that Trump would levy the tariffs, the stock market plunged.”
In the face of this unforseen and unintended consequence, Trump, who during his campaign insisted that tariffs would boost the U.S economy, quickly reversed himself, saying that Americans could feel “Some pain” from them. He added: “But we will make America great again, and it will all be worth the price that must be paid.”
