Markets are going to start to fret over potential trade wars after steel and aluminum tariffs are announced by Trump Administration.
Our Steel and Aluminum industries (and many others) have been decimated by decades of unfair trade and bad policy with countries from around the world. We must not let our country, companies and workers be taken advantage of any longer. We want free, fair and SMART TRADE!
— Donald J. Trump (@realDonaldTrump) March 1, 2018
Imagine if China retaliates by shutting market to Apple?
Can Jay Powell save the day?
If you are going to panic, always best to do it before everyone else does!
In economics, things take longer to happen than you think they will, and then they happen faster than you thought they could.
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Global Macro Monitor