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5 days agoYeah, but let’s consider what happens:
- Tariff applied
- Prices go up
- Supermarket trolleyfull becomes more expensive
- People have less money to buy other things
- Companies sell less
- Company profits fall
- Stock valuation drops
- GDP falls
That’s why the Dow Jones and S&P are lower - this shrinks company profits and US GDP.
It’s suggested that the term “Achilles’ heel”, meaning a seemingly insignificant point of fatal weakness, comes from exactly your observation of the Dendra Panoply, an armour of exactly the same period as Achilles and the Trojan War.