What history tells us is that, while it's impossible to pinpoint stock market tops, valuation premiums aren't tolerated over long periods. Though it's possible Liberation Day 2.0 serves as a downside catalyst for Wall Street, premium valuations are the greater threat for stocks.

Trump has repeatedly shifted his stance on tariffs since his “Liberation Day” announcement—earning him the nickname “TACO Trump.”

Inflation is creeping back into the US economy and might get a lot worse in the near future, thanks to President Trump's tariffs.

President Donald Trump announced on April 2, so-called Liberation Day, that his administration would impose an expansive new slate of tariffs on about sixty countries or trading blocs that held a ...

June 11 -16: Trump’s approval rating dipped three points, to 38%, in Quinnipiac University’s latest poll conducted June 5-9 among 1,265 registered voters (margin of error 2.8), compared to its previous poll in April, when he had a 41% approval rating, while his disapproval rating dropped one point, to 54%.

On April 9, with the stock market enduring a mini-crash, Donald Trump placed a 90-day pause on reciprocal tariffs for all countries save China. This 90-day pause is what ignited the strongest single-day point gains in the history of the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average.

"We still believe the most likely outcome is slow growth and firm inflation: Not a recession, but a backdrop where the adverse effects of trade and immigration controls on growth outweigh the boost from deregulation and fiscal largesse," Morgan Stanley strategist Michael Zezas wrote.

President Donald Trump announced Saturday that he'll impose 30% tariffs on the European Union and Mexico, with overall Trump tariffs set to top April 2 Liberation Day levels.

Liberation Day on April 2 led to a rapid devaluation of the dollar and a sharp rise in long-term bond yields, a double signal of mistrust in the US economy. Since then, T-Bond yields have remained virtually unchanged, while the dollar has continued to depreciate. The August 1 tariffs, if confirmed, could continue this trend. Here's why.