The stock market is stumbling toward a sizable weekly loss, whacked in large part by trade-war fears.
President Trump has “shocked the markets with a regressive, counter-productive and possibly destructive tariff plan for aluminum and steel,” complains Josh “The Reformed Broker” Brown.
Canada, the European Union and China (well, the Chinese steel industry, at least) have come out swinging in response, and Trump is fanning the flames for a battle in trade:
At least the weekend is coming. You can kick back with a beer — no one will ever mess with that, right? Uh-oh.
That’s the worried message from GQ writer Luke Darby and the Midwest Food Processors Association’s Nick George, who combine for our call of the day.
“The fallout from these tariffs could be tremendous, including rising prices, layoffs and beer coming in plastic bags like Canadian milk,” says Darby.
He’s suggesting brewers will raise prices for six packs if they have to pay more for aluminum cans, as he also jokes that they’ll switch to using plastic bags. (Yes, many Canadians buy milk by the bag.)
The tariffs “definitely could raise prices” for consumers, says George, president of the Midwest Food Processors Association, according to a Milwaukee Journal Sentinel report.
