Clearly the markets are not happy with the sudden slapping of tariffs. US Steel might be happy for now but the rest of the market isn't.
I know, some folks will say YAAAA! MAGA!
Others will yell, "The sky is falling!"
I'm not taking a single day fo the stocks as my final statement but I think this is a slipper slope we have just entered. It remains to be seen how these tariffs will actually be applied. We have no details to know but even if it is reasonably targeted we just may have witnessed the potential beginnings of a fledgling trade war. If it plays out like the events leading to WWI, this could be massive.
Waiting to see if another shoe drops.
