Opinion: Border taxes are an economic loss, and the stock market is sending a clear message
President Trump often cites the stock market as proof of his economic-policy success, so let’s hope he was watching the Dow Jones Industrial Average on Monday. The Dow fell 2.38%, and the Nasdaq and Russell 2000 fell even more, on the escalating tariff dispute between the U.S. and China.
Stocks are volatile, but there’s no denying that markets are rising or falling these days in substantial part on the prospects of a U.S.-China trade deal. They fell Friday morning after Mr. Trump raised tariffs to 25% on $200 billion in Chinese...
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