Ryan Murphy

2 months ago | morningstar.com | Ryan Murphy |Danielle Labotka

Life—and investing—comes with its share of unpleasant realities. One of the most infamous of these is behind the latest reality that is roiling the markets: taxes. Tariffs are taxes on American consumers. They’re a blunt policy tool, often ill-suited for addressing complex real-world problems. The administration’s steep and reckless tariffs have sent global markets into upheaval and have been termed “a self-inflicted catastrophe” by Morningstar’s senior US economist.