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Despite imposing the highest average import tariffs since the 1930s, President Trump's strategy hasn't caused the anticipated stock market crash. Stocks closed higher for the week, even hitting record highs. Experts attribute this to carveouts benefiting companies like Apple and a focus on the AI boom. However, economists caution that the long-term economic effects of these tariffs remain uncertain, with potential damage still expected. Investors maintain faith in a 'Trump put,' believing he'll adjust his approach if markets plummet.

Prepared by Christopher Adams and reviewed by editorial team.