

Speaking from experience, the Epoch Times is an incredibly questionable source. They regularly publish conspiracy theories, lies, and they’re owned by the Falun Gong. Every once in a while a sample issue is sent out with some factual reporting (and a conservative bias, which is fine) to get people to subscribe and fall into the really ridiculous stuff. Re: your bias site, I do not know.
The reason that the stock market cratered in response to this was that regular consumers are about to get hit with a 25%+ price increase on literally everything they buy. If you don’t make 25% more paycheck, you’re going to be cutting your lifestyle by the difference. Companies know this and are anticipating major lost revenue because people won’t have money to spend on their products. The price increases are probably going to be in full swing in 2-3 months, but that’s an educated guess, only.