Need to Know: Trump’s tariffs mean higher prices — and maybe even beer in plastic bags

The stock market is stumbling toward a sizable weekly loss, whacked in large part by trade-war fears.

President Trump has “shocked the markets with a regressive, counter-productive and possibly destructive tariff plan for aluminum and steel,” complains Josh “The Reformed Broker” Brown.

Check out:These stocks took the biggest hits on fears of a Trump trade war

Canada, the European Union and China (well, the Chinese steel industry, at least) have come out swinging in response, and Trump is fanning the flames for a battle in trade:

When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win.

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