A ‘Full Trade War’ on the Horizon?
A full-blown trade war, though unlikely, would be very damaging to equities. What happened? President Trump announced that he plans to impose a 25% tariff on imported steel and a 10% tariff on imported aluminum. Why does it matter? A ‘full trade war’ is not something we have seen since the Smoot-Hawley Tariff Act of 1930 [...]