{"id":33575,"date":"2025-04-07T15:18:32","date_gmt":"2025-04-07T19:18:32","guid":{"rendered":"https:\/\/poole.ncsu.edu\/thought-leadership\/?p=33575"},"modified":"2026-01-16T14:40:14","modified_gmt":"2026-01-16T19:40:14","slug":"richard-warr-explains-stock-market-decline","status":"publish","type":"post","link":"https:\/\/poole.ncsu.edu\/thought-leadership\/article\/richard-warr-explains-stock-market-decline\/","title":{"rendered":"Richard Warr Explains Stock Market Decline"},"content":{"rendered":"\n\n\n\n\n<p>The day after President Donald Trump announced new tariffs, major stock indexes had their worst day since March 2020.<\/p>\n\n\n\n<p>\u201cTariffs have the effect, at least in the short run, of reducing profit. They can potentially reduce sales and they also raise costs,\u201d Richard Warr, Poole professor, told <em>The News &amp; Observer<\/em>. \u201cSo what we\u2019re seeing is the stock market is reacting to that.\u201d<\/p>\n\n\n\n<p>Read more from <em><a href=\"https:\/\/www.newsobserver.com\/news\/business\/article303490266.html\">The News &amp; Observer<\/a><\/em>.<\/p>\n","protected":false,"raw":"<!-- wp:ncst\/dynamic-header {\"block\":\"ncst\/default-post-header\"} -->\n<!-- wp:ncst\/default-post-header {\"displayCategoryID\":170} \/-->\n<!-- \/wp:ncst\/dynamic-header -->\n\n<!-- wp:paragraph -->\n<p>The day after President Donald Trump announced new tariffs, major stock indexes had their worst day since March 2020.<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>\u201cTariffs have the effect, at least in the short run, of reducing profit. They can potentially reduce sales and they also raise costs,\u201d Richard Warr, Poole professor, told <em>The News &amp; Observer<\/em>. \u201cSo what we\u2019re seeing is the stock market is reacting to that.\u201d<\/p>\n<!-- \/wp:paragraph -->\n\n<!-- wp:paragraph -->\n<p>Read more from <em><a href=\"https:\/\/www.newsobserver.com\/news\/business\/article303490266.html\">The News &amp; Observer<\/a><\/em>.<\/p>\n<!-- \/wp:paragraph -->"},"excerpt":{"rendered":"<p>Poole professor Richard Warr discusses how newly announced tariffs by President Trump triggered a market downturn.<\/p>\n","protected":false},"author":0,"featured_media":31619,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"source":"","ncst_custom_author":"","ncst_show_custom_author":false,"ncst_dynamicHeaderBlockName":"ncst\/default-post-header","ncst_dynamicHeaderData":"{\"displayCategoryID\":170,\"showAuthor\":true,\"showDate\":true,\"showFeaturedVideo\":false}","ncst_content_audit_freq":"","ncst_content_audit_date":"","ncst_content_audit_display":false,"ncst_backToTopFlag":"","footnotes":""},"categories":[638,105,170,77],"tags":[327,173,566,482],"_ncst_magazine_issue":[],"series":[],"class_list":["post-33575","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-accounting","category-finance","category-in-the-news","category-newswire","tag-in-the-news","tag-newswire","tag-richard-warr","tag-tariffs"],"displayCategory":{"term_id":170,"name":"In the News","slug":"in-the-news","term_group":0,"term_taxonomy_id":170,"taxonomy":"category","description":"","parent":0,"count":361,"filter":"raw"},"acf":{"ncst_posts_meta_modified_date":null},"_links":{"self":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/33575","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/comments?post=33575"}],"version-history":[{"count":3,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/33575\/revisions"}],"predecessor-version":[{"id":34544,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/posts\/33575\/revisions\/34544"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/media\/31619"}],"wp:attachment":[{"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/media?parent=33575"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/categories?post=33575"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/tags?post=33575"},{"taxonomy":"_ncst_magazine_issue","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/_ncst_magazine_issue?post=33575"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/poole.ncsu.edu\/thought-leadership\/wp-json\/wp\/v2\/series?post=33575"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}