Here's Who's Hurting After Trump's Tariff Announcement
- Equities affected include industrials, consumer goods
- Curreny depreciation, U.S. treasuries could be in focus
This article is for subscribers only.
For a solid year, financial markets loved the Trump Trade. They’re not so enamored of Tariff Thursday.
For the second time this month, U.S. equities sold off and investors sought havens after the Trump administration announced plans to impose sweeping levies that threaten to rewrite the rules of global trade. While the threat of rising interest rates and some company-specific angst added to market anxiety, selling was heaviest in sectors most likely hurt by the simmering trade war.