Is that it? Social media has had some fun with this week’s tariff news, with plenty of memes along the lines of “Where were you in the Great 18 Hour Trade War of 2025?” and “I survived the Global Trade War 2/3/2025 – 2/3/2025.” While it’s too early to call an all-clear, the fallout in markets has so far been remarkably contained given the upheaval an unfettered trade conflict would cause.