Sen. Rand Paul (R-Ky.) urged lawmakers to pay attention to market warnings after stocks tumbled Monday in response to President Donald Trump’s escalating tariff policies.
“When the markets tumble like this in response to tariffs, it pays to listen,” Paul posted on X, referencing the Dow Jones Industrial Average’s 890-point drop and declines in the Nasdaq (-4%) and S&P 500 (-2.7%).
The selloff follows Trump’s refusal to rule out a recession and his decision to increase tariffs on Canada, Mexico, and China. The 25% tariffs on Canadian and Mexican imports—framed as a measure to curb illegal immigration and fentanyl trafficking—have been widely criticized by economists and lawmakers.
Canada has vowed retaliation, and concerns are growing over rising consumer prices and declining U.S. exports. Wall Street analysts warn that Trump’s trade policies could slow economic growth, fueling fears of a recession in 2025.
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