The 15% Solution: Trump’s Tariff Tantrum and the 800-Point Dow Dive

In the world of high-stakes macroeconomics, there is a traditional way of doing things: white papers, congressional hearings, and perhaps a sober press release from the Treasury Department. Then there is the 2026 way of doing things, which apparently involves the Supreme Court telling the President he can’t do something, and the President responding by doing that exact thing, only 50% more “obnoxiously.” It is a bold strategy, and if the DOW (-1.85%) is any indication, investors are currently reaching for t ...