Commentary
The consensus narrative tells you that markets are weak because of President Donald Trump’s tariffs. However, that is a typical excuse that makes no sense. If tariffs were the cause of concern, markets would have tanked in 2016 and in 2021. Remember that President Joe Biden maintained and increased all of Trump’s tariffs. Between 2016 and 2024, the tariffs imposed by the European Union and China on the United States were much larger than levies against them. However, you never read or heard that the European Union and China tariffs were going to destroy the economy or lead to massive inflation.
