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Tariffs Expose Wall Street's Misplaced Faith in Trump

Summary by Arc Digital
Most reports of Trump’s recently announced tariffs describe them as exceeding expectations, citing JPMorgan, Capital Economics, and other analysts. Stock markets were cautiously optimistic too, rising for three consecutive days leading up to Trump’s announcement. After hearing the news, they crashed.This collective miss is more than just guessing low. It derives from a larger analytical failure in the financial industry and much of the business …

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The AtlanticThe Atlantic
+2 Reposted by 2 other sources
Lean Left

Wall Street Blew It

Investors discounted everything Trump has ever said about trade and tariffs. We’re all going to pay for that mistake.

·Washington, United States
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  • 50% of the sources lean Right
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natesilver.net broke the news in on Friday, April 4, 2025.
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