If there’s one thing President Trump has been consistent on, it has to be his stance toward “America First.”
This doctrine has resulted in a variety of policies and talking points that have guided his administration. The biggest of these “America First” policies have come down to trade. And in that, Trump has unveiled a variety of tariffs and re-opened negotiations on already signed trade deals in order to better align them with America’s interests.
The problem is, trade spats and protectionism generally aren’t great for investors.
Historically, major negative trade events have been pretty bearish for most asset classes. And they’ve only gotten worse in recent years as the world has become even more interconnected. For investors, trump’s trade plans, tariffs and the potential end to trade deals could lead to a very rocky future for our portfolios.