Is President Donald Trump's Tariff and Trade Policy Setting Wall Street Up for a Stock Market Crash in 2026? A Comprehensive Analysis Weighs In.

In December 2024, four New York Federal Reserve economists writing for Liberty Street Economics published a report ("Do Import Tariffs Protect U.S. Firms") that examined the effects of President Trump's China tariffs in 2018-2019 on the stocks and businesses that they impacted. Although stocks exposed to Trump's China tariffs during his first term performed worse on days he announced tariffs, there were far more important findings.On paper, Trump's tariff and trade policy has its positives. But in practical ...