Reported about 9 hours ago
The recent market turmoil linked to President Trump's aggressive tariffs is set to hit ordinary Americans harder than wealthy investors, despite claims of benefiting the latter. With the S&P 500 dropping significantly since April 2 and millions of Americans, including those with 401(k) plans, facing investment losses, the economic consequences extend beyond Wall Street. Trump's tariffs disrupt supply chains, leading to job losses in various sectors, and may push unemployment rates higher, ultimately endangering the financial stability of many working-class families.
Source: YAHOO