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On Wednesday, President Trump levied unprecedented tariffs on more than 180 countries around the world, with the stock market experiencing tremendous drops and losing roughly $2 trillion in value the next day. But while no one was really quite sure how much of a hit the market would take when the day began, Trump had been warning that there would be a painful adjustment period. He just also claimed—and continues to claim—that it will be worth it in the end. So what do the new tariffs mean and how is all of this likely to turn out?

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Today's Daily Article was written by Dr. Jim Denison and narrated by Chris Elkins. You can read this article on our website. You may also receive it in your inbox by subscribing to our newsletter.

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