Goldman Sachs sends message on what may happen next in the trade war
Optimism over the court pausing tariffs may be short-lived.
Donald Trump’s reelection was met with jubilation from investors excited about a pro-business agenda, but the party ended when it turned out tariffs were at the top of the President’s to-do list.
Stock prices slid in February as Trump signed the first executive order laying out plans for a 10% tariff on China and a 25% tariff on Mexico, but by mid-month, the S&P 500 hit a record high as investors still thought tariffs were a bargaining chip.
