Trump Takes On Wall Street
Traders are not thrilled with President Trump’s tariffs, but the president seems unconcerned.
Anthony Constantini
March 14, 2025
_WHAT’S HAPPENING_
The Dow Jones Industrial Average has dropped precipitously over the last week, losing around 10 percent of its value amid President Donald Trump’s trade wars. But the president seems unconcerned, as he is determined to reset America’s economy and re-industrialize the country.
While Wall Street was generally happy with Trump during his first term, the president is now leaning hard into protectionist economic policies — in conjunction with an unpredictable negotiation style — that is causing traders to sweat. Often touting the impressive stock market in his first presidency, Trump is now prioritizing American industry during a “period of transition,” which he says may cause some short-term pain.