The question for investors right now is whether it's best to bail after a return to pre-tariff levels or whether a new bull market has started?
To raise US government revenueTo re-write trade deals and open markets to US exporters
The latter case is the one you hope for as it would ultimately result in a world with lower tariffs and that would benefit US corporations, particularly the large multinationals that dominate the index.
On the weekend, Trump again pointed to the revenue side.
If that results in lowering tariffs on both sides, and the US drops its own tariffs down to 0% (rather than a 10% floor), I think the bull market continues. But if we get a 10% floor, I just can't see the US making many deals.
This article was written by Adam Button at www.forexlive.com. Read More Details
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