The tariffs that he kept on would be nothing to sneeze at in more… civilized times. The market overreacted, as was priced in the vix at 50+. We are not out of the woods yet.
125% tariff rate on your biggest importer isn't something I'd say is "nothing to sneeze at" personally. Particularly when the expert economist used to justify it is made up.
Yeah I was wary of saying 'declaration of war' (even though I think it's kinda true), but at least those imports will route themselves through Vietnam or wherever now in a few months.