Trump says he’s punishing foreign countries. He’s mostly punishing Americans

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A version of this story appeared in CNN Business’ Nightcap newsletter. To get it in your inbox, sign up for free here . New York CNN  —  Serious question. What are we, like, doing ? Markets are in a tailspin. Business leaders are panicking. Consumers, if they’re reading the news, are rightly confused or scared or both. Economists are squinting at the Trump administration’s tariff agenda and trying to make it, somehow, make sense. Here’s a tip for anyone else who finds themselves gobsmacked:

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