When 2025 began, Wall Street was awash in excitement. A new President was about to take office  — even if he'd been in the office once before. Most investment professionals expected interest rates to come down. That tax cuts were on the way was judged a certainty. Regulation might be reduced substantially. And what Wall Street certainly saw was a continuation of the 2024 bull market. What could possibly go wrong? Well, there was Donald Trump's decision in early April to impose massive tariffs on just a ...