Tariffs, touted as a tax on foreigners and a shield for domestic industries, are primarily a tax on local consumers, with foreign manufacturers absorbing only a small fraction of the cost. They act as a self-imposed economic constraint, dampening long-term growth prospects for both the imposting nation and the global economy. In the absence of a protracted tariff war, tariffs slow the pace of economic expansion without altering the trend. Furthermore, tariffs tend to weaken the local currency. In today's case, the US Dollar. Metaphorically, tariffs can be likened to Trump's finger, inserted up everyone's gluteus maximus. This presence, though broadly detrimental for everyone, becomes something markets adapt to, normalizing the discomfort as they move forward. Hence why tariffs eventually cease to matter for the direction markets.