Surface level analysis of this is disingenuous at best. The economy is way more than the DJI and the market could very easily bounce back to record highs once these things get ironed out. Sucks that roughly half the country is literally rooting for this strategy to fail and can’t see anything other than the stock market.
This clip helps explain what’s happening
(no one will click on it because it says Fox business) but you know most news outlets aren’t going to give anything other than “zomg stocks are down panic” the time of day.
https://www.foxbusiness.com/video/6371178281112
NOBODY is "rooting" for this strategy to fail. I had to laugh at Kamala Harris the other night crowing "I don't want to say I told you so" - why on earth did you think you lost Kamala? Schadenfreude is an ugly look for a politician. If Trump's strategy fails, I might even lose my 9th digit! I'd be a 90 millonaire! And that's not even a thing! If you lose a huge chunk of your money, what good is it saying "nee ner nee ner I lost my money and it was your fault!"
We *KNOW* it's gonna fail. The Dow, or S&P isn't "the economy" but it is a huge chunk of the country's wealth. When people's wealth gets cut by 20-30%, they stop taking vacations, buying houses, going out to eat. That's what causes recessions - drops in consumer confidence. Companies whose stocks are down retrench rather than issuing new equity to expand and create more jobs. Add in that foreign travel to the US is getting nuked, so much for those tourist dollars (which by the way aren't included in Trump's so called trade deficits).
There's no "ironing out" going on. The only "ironing out" would be "ok, never mind, no tariffs". If I were our trading partners, I'd be like "fuck you not removing our tariff response because you are run by a drunken sailor and I don't trust you".