What Trump’s Tariff Threats Mean for Your Money
Market historians may need to open their books all the way back to 2018.
US President Donald Trump. Likes a tariff, or so I’ve heard.
Photographer: Yuri Gripas/AbacaThis article is for subscribers only.
Welcome to the award-winning Money Distilled newsletter. I’m John Stepek. Every week day I look at the biggest stories in markets and economics, and explain what it all means for your money.
Turns out that Donald Trump — the new US president — is full of surprises. Where were the signs? What could possibly have prepared investors for the risk of unpredictable policy-making outside trading hours? If only there’d been some sort of dry run, a previous four-year stretch in which — oh hang on.