How Trump's Tariff Punch Hurt His Pro-Business Agenda - WSJ - 0 views
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Markets fell after President Donald Trump announced planned tariffs on steel and aluminum imports, an effect that was exacerbated by what the move symbolizes fo
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When a key economic input suddenly becomes scarce, it’s called a supply shock: It pushes costs up and economic activity down.
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This helps explain why markets have responded so badly to President Donald Trump’s announcement of a 25% tariff on steel imports and 10% on aluminum. Like a geopolitical shock that reduces the supply of oil, it’s bad for both inflation and growth.
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