We know that many of our readers like President Trump’s tariff policies, and we’ve often supported the negotiating tactic, as well as the reciprocity concept.

But what is undeniable is that tariffs are an economically risky tool, and last week we were reminded of that financial reality. Stocks (and the dollar) have taken a beating as with every new tariff announcement. Like clockwork, financial markets recover when Trump announces tariff relief or delays.

Bloomberg‘s economic uncertainty index, driven by Trump’s fluctuating tariff policies, has hit an all time high: