Don’t rush to take advantage of the big sell-off
Trump’s tariffs will almost certainly weigh on economic activity and corporate earnings; they also seem to be weakening the US dollar
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[SINGAPORE] Investors who chased the S&P 500 higher immediately after US President Donald Trump was elected in November last year might now be wondering what they were thinking.
Within a fortnight of his inauguration, Trump announced import tariffs on Canada, Mexico and China. Last week, he imposed tariffs on most of the rest of the world.
In his executive order last Wednesday (Apr 2), he reiterated many of the grievances about global trade he had openly expressed on the campaign trail.
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