Our Steel and Aluminum industries (and many others) have been decimated by decades of unfair trade and bad policy with countries from around the world. We must not let our country, companies and workers be taken advantage of any longer. We want free, fair and SMART TRADE!— Donald J. Trump (@realDonaldTrump) March 1, 2018
At the very least, this March 1 tweet represented the first time an economic superpower previewed a major trade policy action via social media. But it would certainly not be the last.
Until there is more clarity on the extent of the US protectionist measures being put into place and China’s response, we anticipate periodic bouts of trade-related stock market volatility will continue. Despite this, we think it’s best to focus on the strong fundamental backdrop.