I did wait quite awhile before peaking at the stock market but once I looked it was like watching a car wreck. The market knows that if you implement tariffs, it will impact the poor and middle class the very most. For example, when I go shopping, I always look over my receipts to ensure that they aren't overcharging me but Jeff Bezos, Warren Buffet and Elon Musk aren't checking receipts....and they aren't having the people that work for them check receipts for ordinary shopping.
Tariffs have rippling impact because it's the consumer that pays the higher tariffs on ordinary goods. The rippling effect is that we will be holding on to our money and only spending for necessity things. Tariffs on cars and car parts, when we go for our oil change, we will see the increase in price.
Let me run and get a spicy chicken sandwich at the Popeye's before I cannot afford it!
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