Despite the market turmoil caused by the “Liberation Day” tariff announcements, what matters going forward is where Wall Street lands concerning earnings and valuations. Read more here.

President Donald Trump has routinely declared tariffs as one of the most beautiful words in the dictionary and has regularly accused foreign countries of ripping off the U.S.

JD Foster is the former chief economist at the Office of Management and Budget and former chief economist and senior vice president at the U.S. Chamber of Commerce. He now resides in relative freedom in the hills of Idaho.