World markets declined again this week. Despite world condemnation, which included most of America’s economists and corporations, Donald Trump unilaterally forged ahead in implementing his own brand of protectionism. Investors fear the consequences.
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Stocks rose and fell throughout the week as tariff fears spooked world markets. Steel and aluminum on the American side. Peanut butter and motorcycles from Europe. Who knows what China and the rest of Southeast Asia will throw into the teapot?
Last week’s spur of the moment announcement by President Trump that he plans to implement a 25% tariff on steel and 10% on aluminum imports sent the world into a tail-spin. This week, the world fired back and everyone from the Republican Party to the European Union is threatening dire consequences if the President follows through with his proposal.