Winter Is Coming...Get ready for the Trumpcession and the Trumpflation.

Markets Are Sounding the Alarm—Trump Isn’t Listening

As soon as the tariff announcement dropped, the S&P 500 tanked. Wall Street knows what Trump won’t admit—his trade war hurts growth, fuels inflation. Brace for Saturday—prices rise. Tariffs don’t “keep promises,” they raise costs for everyone.

On Friday, January 31, 2025, the S&P 500 declined by 0.5%, closing at 6,040.53. This drop was influenced by the White House's announcement of new tariffs: 25% on imports from Canada and Mexico, and 10% on goods from China, effective Saturday.

How major US stock indexes fared Friday, 1/31/2025 | AP News
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How major US stock indexes fared Friday, 1/31/2025 | AP News

Stocks surrendered early gains and closed lower after the White House said President Donald Trump would impose promised tariffs on some key U.S. trading partners.