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When economists run various economic models, they get estimates that it will slash U.S. GDP only by 0.1 percentage point, that would be true if this tariffs would be imposed only for a year. But you don't know how long this will continue. Such uncertainties will surely affect companies' spending and hiring plans. Markets are worried the economy may lose momentum earlier than previously thought.

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    Quiz

    Are you a quotes master?

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    "I'd rather be hated for who I am, than loved for who I am not."
    A Kurt Cobain
    B Vincent van Gogh
    C Franklin Pierce
    D Michael Jackson