Tariffs May Tank Markets, but Tax Cuts the Cure

Tariffs May Tank Markets, but Tax Cuts the Cure

Tariffs May Tank Markets, but Tax Cuts the Cure

More carrots, please!

Feeling flogged by sticks, Wall Street greeted President Donald J. Trump’s “Liberation Day” with a bellowing Bronx cheer.

On April 2, Trump unveiled 10% across-the-board tariffs on all imports, plus reciprocal taxes tailored to foil foreign tariffs on U.S. goods. Financial markets opened April 3 and swiftly wilted.

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