Shows the idiots playground that stock market has become. A $30B tariff in a huge $22T economy wouldn’t even move the needle but boy o boy by all means lets buy up Trillions$$$ in stocks over it.
> “Shows the idiots playground that stock market has become.”
Case in point, stocks were mostly up during the obama years because of several rounds of QE/Operation Twist, despite the economy being in the doldrums.
I wish the President had not touted how high the stock indexes had reached, thereby unnecessarily tying his policies to the performance of the markets, while also implicitly and necessarily having to take responsibility in case of a market downturn. Given the fact that more than 600 US companies had urged him not to impose any more tariffs on China and to rescind those already in place, concern about market reactions must have played a role in his decision.