MegaTrends

[Pro-Life]

In 2002, President Bush Imposed 30% Steel Tariffs; This Is What Happened Next
by Tyler Durden Fri, 03/02/2018 - 08:20

https://www.zerohedge.com/news/2018-03-02/2002-president-bush-imposed-30-steel-tariffs-what-happened-next

But it was the market's response that broke the camel's back: what followed immediately after the tariffs were announced was a 30% plunge in the S&P 500, a slump in the dollar and a rally in bonds that slashed 10Y yields in half.