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HomeUncategorizedBreitbart Business Digest: The Tariff Tantrum Sends Economists into Frenzy of Fear

Breitbart Business Digest: The Tariff Tantrum Sends Economists into Frenzy of Fear

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Larry Summers Is Very, Very Worried About Tariffs

The hope that markets had already priced in the cost of reciprocal tariffs was dashed this week by the calamitous decline of nearly every asset traded by man and robot except U.S. Treasuries. Stocks plunged, oil slipped, the dollar declined, and even gold lost some of its recent shine.

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Larry Summers Is Very, Very Worried About Tariffs

The hope that markets had already priced in the cost of reciprocal tariffs was dashed this week by the calamitous decline of nearly every asset traded by man and robot except U.S. Treasuries. Stocks plunged, oil slipped, the dollar declined, and even gold lost some of its recent shine.

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