RWM Insights

Trump Tariffs

Recently, President Trump announced that his administration planned to apply tariffs on all imports of 25% for steel and 15% on aluminum.  These wouldn’t target specific countries accused of malicious trade practices, but all countries.  Leaders from around the globe condemned the moves and said they could impose their own tariffs on US goods.  Investors feared the resulting tit for tat could result in a global trade war and markets declined on the news.

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