How to Think About Trump Tariffs and the Stock Market

Mar 4, 2025
how-to-think-about-trump-tariffs-and-the-stock-market
Stocks fell sharply Monday and again on Tuesday.
Stocks fell sharply Monday and again on Tuesday. Photo: John Taggart for WSJ

Experience is the best teacher, but not if school is canceled.

Stocks fell sharply Monday and again on Tuesday after President Trump said there was “no room left” for Canada or Mexico to avert steep tariffs and that existing ones on China would be increased. Hours later, the levies kicked in. The S&P 500 has now erased its year-to-date gains and is in negative territory.

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