Floridians are accustomed to waiting for fast-moving thunderstorms to pass. President Donald Trump’s supporters in Palm Beach are trying to decide whether the tempest over his tariffs is simply another squall.
Backers of the president on the wealthy South Florida island said it’s too soon to tell whether the “Liberation Day” tariffs, which were far more aggressive than many investors had been expecting, will turn out to be an audacious rebalancing of global economics — or just plain reckless.
Dozens of billionaires have homes in Palm Beach, where Trump’s Mar-a-Lago has become a sort of Sunshine State White House.
Photographer: Saul Martinez/Bloomberg
More than $5 trillion in market value was erased from US stocks last week after Trump rolled out the plan, ...
