XPost: alt.fan.rush-limbaugh, alt.politics.democrats.d, or.politics

https://www.wsj.com/opinion/donald-trump-tariffs-disturbance-markets-trade-243b36ef

President Trump said there would be “a little
disturbance” from his tariffs, but how does he
define little? The stock market Thursday
suffered its worst day since the government
shut down the economy in March 2020. Not to
worry, the White House says tariffs will
eventually be worth the pain. Feeling better?

Mr. Trump's tariffs are the biggest policy
shock to the world trading system since
Richard Nixon blew up Bretton Woods in 1971.
As with that decision, Mr. Trump is acting
with little understanding about the damage
his tariffs will cause. The “disturbance”
might not be as little as he imagines.

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