Riches to Rags: Trump's Tariffs Take a Toll on Wall Street

Donald Trump

Photo by cornstalker | License

The U.S. stock market took a nosedive recently, and guess who’s holding the remote? That’s right, President Donald Trump decided to downplay concerns about those pesky tariffs while everyone else on Wall Street was shrieking into their lattes.

On a day when the market can’t catch a break, investors watched their portfolios plummet deeper than the coffee prices at your local café. Reports came in that Wall Street was less than giddy about how much the economy is willing to suffer for Trump’s grandiose twiddling. If you’ve ever wondered how many times you can squeeze blood from a stone, this is it.

Despite his reassurance that everything is totally, definitely, fine, the reality is that tariffs aren’t just some fidget spinner phenomenon. They have a history of inflicting pain and worries on everyday Americans who have bills to pay and avocado toast to buy. Let’s face it, plunging profits over Trump’s economic antics mean someone’s missing out on brunch.

You’d think a billionaire president would want to keep an eye on how his policies impact the daily ratings of common citizens, but when you’re living in a penthouse in gold-plated opulence, who’s checking on the little people?

Recent drops in the stock market, like, picture your mood after scrolling through your bank account, leave questions swirling. How long will this dance go on between tariffs and economic survival? Life is already expensive enough without watching your retirement savings slide like a banana peel underfoot.

So, as millennials and Gen Z grapple with student debt, rising rents, and the audacity of inflation, the last thing we need is a president who thinks he can trade stock market confidence like it’s Pokémon cards.

It’s time we start holding leaders accountable instead of giving them a free pass to do whatever they want. We deserve better than to become collateral damage in their economic chess games. Let’s keep our money, but not in stocks, thank you very much!

AUTHOR: mpp

SOURCE: AP News