- Planned new tariffs on steel and aluminum caused markets to drop.
- Companies worry that the tariffs will increase the cost of doing business.
- Markets fell on fear of a trade war,
- where other countries penalize the U.S., with tariffs of their own
Politics and economic policy often have dramatic consequences for the stock market.That’s a leading reason why this week, after President Trump announced new tariffs on steel and aluminum, major indexes fell in reaction to the news.