Tariffs – Will They Burst the Stock Market and Real Estate Bubbles?

Thoughts on the Markets

November 17, 2025

Tariffs, Market Vulnerability, and the Great Divide: A 2025 Analysis

Much has been said this year about tariffs and their supposed economic benefits. President Trump has repeatedly claimed that tariffs generate substantial revenue, protect U.S. industries, reduce deficits, and will even fund direct payments to Americans. He has described tariffs as a transformative tool capable of turning the U.S. into an economic “powerhouse,” lowering the cost of living, and bringing “trillions of dollars” into the country to pay for $2,000 checks and reduce the national debt.

I have avoided weighing in for most of the year, but given the market turbulence surrounding tariff policy, it is time to take a clear, data-driven look at these claims.