Stock Market Ignoring Trump’s Trade War After Wild April Ride
Stock investors are starting to tune out President Donald Trump’s trade war.
After frantically pushing share prices higher and lower for weeks on each twist and turn in Trump’s tariff negotiations, investors are now largely ignoring new announcements. Last Friday, for instance, stocks barely budged after Trump said he’d just start imposing rates on many countries soon because his team didn’t have time to negotiate with them all. The same thing happened this week after news that the European Union shared a revised trade proposal with the Trump administration that included plans to gradually reduce tariffs to zero on many products.