Trade Tensions Deflate Excessive Optimism
This article was originally published on ETFTrends.com.
A volatile week on Wall Street culminated with the Trump administration raising tariffs to 25% on $200 billion worth of Chinese goods at 12:01AM Friday, dashing investors’ hopes for an US-China trade deal in the near-term. While we believe that the U.S. response is prudent given reports of unexpected changes to the agreement from China [...]