The day after President Donald Trump announced new tariffs, major stock indexes had their worst day since March 2020.
“Tariffs have the effect, at least in the short run, of reducing profit. They can potentially reduce sales and they also raise costs,” Richard Warr, Poole professor, told The News & Observer. “So what we’re seeing is the stock market is reacting to that.”
Read more from The News & Observer.
- Categories:
