Stocks fall as global debt concerns and economic worries grip markets. Wall Street is weighing a court ruling’s potential impact on tariff refunds while businesses warn about prices going up.

Three months ago, I kept seeing internet discussion along the lines of “if tariffs are bad, why aren’t we seeing inflation?”

Businesses, especially American distributors, stocked up on extra product ahead of the turmoil. That provided brief protection from price increases.

Now they are running out and must again import products, but this time slapped with big tariffs.

Here we go, folks.