The US stock market (^GSPC, ^IXIC, ^DJI) ignored tariff concerns, while Hong Kong’s market dropped due to President Donald Trump’s tariff threats on Canada, Mexico, and China, set for February 1st.
Jeffrey Kleintop, Charles Schwab’s chief global investment strategist, joins Catalysts to explain that tariff risks are largely priced into European and Chinese markets in particular.
“Europe and China look a little bit better positioned heading into what could be a whole new regime for trade, whereas Mexico and Canada could have maybe a little bit more downside,” Kleintop says.
Kleintop agrees with Goldman’s decision to lower the odds for President Trump implementing his aggressive tariff rhetoric. He explains, “A lot of what Trump has talked about isn’t really economic policy when it comes to tariffs; it’s statecraft.” He notes that it’s about leveraging trade to gain concessions in areas like immigration and energy.
#youtube #Trump #stocks
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