#TrumpTariffs Trump's tariffs impact stock markets at levels not seen since 1974,
The tariffs have led some investors to question the role of the United States at the heart of the financial system and the safety of the country's assets during periods of market turmoil.One hundred days of President Donald Trump. Seventy days of fluctuations in financial markets. Thirty-two days of losses. More than $6.5 trillion lost in the value of publicly traded companies.
For the financial markets, the 7 percent drop in the S&P 500 is the worst start to a presidential term since Gerald Ford replaced Richard Nixon in August 1974 after the Watergate scandal. The collapse is more critical than when the tech bubble burst at the beginning of the century, and George W. Bush inherited a market already in free fall.
In contrast, Trump inherited an economy with a solid foundation and a stock market that was rising from one historic high to another.