The economic impact of the tariffs which have been announced by the Trump administration will be small, even if they are implemented in full, and we suspect that any retaliation will be moderate. But fears that the rest of Trump’s presidency will be punctuated by protectionist announcements and actions may continue to weigh on investor sentiment. In short, markets will be more affected than the economy.
Subscriber content
Read this in full, free
Start a free trial and use one of your 10 free starter credits to unlock this piece.