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RE: LeoThread 2025-03-13 06:13

in LeoFinance7 months ago

Part 2/12:

Upon Trump's victory in the 2024 elections, Wall Street exhibited optimism driven by the assumption that outdated tariffs would not seriously impact the economy. However, this sentiment quickly transformed into disappointment as stock market valuations declined significantly, wiping out trillions in wealth. The Trump administration failed to recognize that tariffs introduced to protect domestic industries could ripple into various sectors, notably affecting the average American consumer's purchasing power.

Understanding Tariffs: The Basics