Here are five things that you should know about how U.S. equities are responding to President Trump’s threat to increase tariffs on Chinese imports:
The threat is being taken in stride at Goldman Sachs Group Inc., and Citigroup Inc., where policy analysts are optimistic that a trade deal between the U.S. and China can still be reached. UBS Group AG said “the president’s words are worrisome but not yet our baseline.” Tom Lee, co-founder of Fundstrat Global Advisors LLC, recommended that investors buy the dip in U.S. stocks.
