Stocks are cratering after tariffs. Here's what's next for markets.

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• Investors hate the trade war.
• Stocks crashed on Thursday in reaction to sweeping tariffs unveiled by the White House.
• Markets are in uncharted waters, and the path ahead is deeply uncertain.

Investors have made their opinion clear: They hate the trade war.

Stocks suffered their worst single-day loss in five years on Thursday. The S&P 500 dropped nearly 5%, the Dow lost 1,679 points, and the Nasdaq composite plunged 6%....