It only took a week of financial pain for President Donald Trump’s gambit to reset America’s trading relationship with the world to start paying off.
And the stock market responded with a record-breaking one-day gain.
Just last Wednesday, Trump proclaimed it was “Liberation Day,” with the imposition of high reciprocal tariffs on nations who had been the worst trade offenders, like China, Vietnam, and Cambodia, among others.
Otherwise, Trump placed a universal 10 percent tariff on all nations selling their goods into the U.S. market.
The stock markets all responded negatively, going into correction territory.
The Dow Jones Industrial Average closed below 37,000 on Monday, down over 5,000 points since Trump’s tariff announcement.
The S&P 500 and the tech-heavy Nasdaq also took similar drubbings.
However,
Join the conversation!
Please share your thoughts about this article below. We value your opinions, and would love to see you add to the discussion!