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President Donald Trump's "Liberation Day" tariffs sent the stock market into a tizzy, with stocks trading sharply lower following the announcement. The much worse-than-expected tariffs add another wrinkle to a market that was already struggling due to rising tension between the U.S. and its neighbors Canada and Mexico over potential tariffs as well as general economic uncertainty.These tariffs will not be good for the consumer or the economy. China has already hit the U.S. with retaliatory tariffs, sparking what could become an all-out global trade war. The Trump administration responded to China's announcement by promising an additional 50% tariff on all goods from China if it enacts its retaliatory tariffs. This looming trade war could keep the pressure on stocks for a while. That said, President Trump can be unpredictable and likes to bargain, so these tariffs could instead be short-lived. While White House aides have said that tariffs are not a negotiating tool, Trump has already come out and said he is open to negotiations. Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool