And now, Wall Street titans begin to acknowledge that tariffs may have a role beyond the stock market.
WASHINGTON — “Don’t be a PANICAN,” President Donald Trump cautioned on social media. Critics have questioned the universal tariffs he unleashed last week, and Americans have had to steel themselves before checking the balance of their 401(k)s.
The Trump tariffs came fast and larger than expected. The markets responded.
Now Republicans and Wall Street big shots find themselves defending an economic approach that was anathema to them not long ago. But the world has changed.
