‘Worse Than the Worst-Case Scenario’: CNBC Host Hits the Panic Button as Trump Rolls out Sweeping Tariffs

EXCERPT:

FORTT: "And the market reaction after hours, I've never seen anything like it. I think this, I think fair to say, is worse than the worst-case scenario of the tariffs that many in the market expected the president to impose. You laid out a number of the percentages. There’s some question of how the administration calculated the percentages that they’re responding to in each of these cases. Are they adding in value-added taxes? You talked about, you know, non-tariff barriers as well. So I think while many were hoping that this would eliminate uncertainty, there’s going to be more uncertainty in the market. And from those watching policy tomorrow on, well, you know, if countries push back on how these non-tariff barriers were calculated, will there be wiggle room here? Exactly when do these go into effect? How quickly are companies going to have to adjust their pricing? So many questions."

(Via Mediaite)