Trump trade war tweets, new by Hebei Longsheng
| Are you nervous about the Dow’s wild swings, brought on by trade war tweets from President Donald Trump or announcements from China saying a trade deal with the United States is on or off the table?
Get used to it. Market volatility driven by trade and tariffs isn’t likely to fade anytime soon despite the two economic superpowers agreeing Friday to a “Phase 1” deal. The United States agreed to roll back some tariffs on Chinese imports and cancel a round of levies that was set to hit Dec. 15. In return, China agreed to boost its purchases of U.S. agricultural products. “Pandora has opened the box. Trade strife is here to stay,” says Jeff Mortimer, director of investment strategy at BNY Mellon Wealth Management. “There’s not going to be a single document, (or) signing of a ‘Phase 1’ deal, that makes it go away.” |
