Trump’s Tariffs Are a Mystery, So Investors Keep Buying Stocks
- Equities near records leave little cushion for trade war risk
- Uncertainty starts to weigh on corporate outlooks, sentiment
Semi-trucks cross into the US at the Otay Mesa port of entry in San Diego, California.
Photographer: Sandy Huffaker/BloombergThis article is for subscribers only.
Wall Street has been guessing “will he or won’t he” on tariffs since President Donald Trump took office last month promising sweeping levies on geopolitical allies and rivals alike. While the initial reaction in the stock market was caution, the mood is shifting as the administration’s policies become increasingly muddled with delays and exclusions mixing with bellicose rhetoric.
What’s an investor to do?