Dow Jones up to 41,700, recovering nearly all losses since Trump’s worldwide tariffs

The Dow Jones now sits at 41,700. This means that it has recovered nearly all of its losses since President Trump announced his “Liberation Day,” of worldwide tariffs on countries that he said have unfair trade practices with the United States.

One of the talking points against Mr Trump has been that his tariffs have done irreparable damage to the US economy, Americans’ stock portfolios, and to retirement accounts.

Besides the fact that a dip should not be a problem for young people, and older people should have diversified accounts, even if someone had all their eggs in the Dow Jones’ basket, they would be doing almost the same as they were doing on “Liberation Day,” and better than they were doing during 75% of 2024, the last year of Joe Biden’s Presidency.

Things could yet change, but this has once again proven that the claims that Trump’s action has destroyed Americans’ finances is untrue. And while the media and the left wing were quick to trumpet the drop in the stock market when Trump implemented his tariffs, they have been silent about the market’s comeback.

In fact, one could argue that the drop in the market helped many people in the aggregate, because it provided an opportunity for people to buy stocks at lower cost. This was not the intention of Trump’s tariffs, but could be an unforeseen fortunate byproduct of an action that was expected to cause temporary pain.

Uncertainty is often challenging, but never-ending positive growth in the stock market is both impossible and not preferable. Will those who placed such an emphasis on Trump’s stock market at any point acknowledge that the market is doing fine?