Correction for Morning Edition: Everyone Does Not Lose When the Market Goes Down

In an interview with NPR reporter John Ydstie discussing President Trump's latest round of tariffs on China, host Rachel Martin noted the decline in stock markets worldwide in response to tariffs and asserted that when the markets are down, everyone loses. This is not true.

If the market is down because participants accurately recognize there will be less economic growth, which also means less profits, then it is reasonable to assume that most people will lose. However, this is only one reaso...