, Columnist
Trump's Trade War Brings Out the Worst in Investors
They appear to have overestimated the potential damages from any escalation in U.S.-China tensions.
Let’s make a deal.
Photographer: Andrew Harrer./Bloomberg
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Investors’ math on President Donald Trump’s proposed new tariffs appears to be one plus one equals roughly 4.
Stocks struggled to stay positive on Wednesday after shares of the companies in the S&P 500 Index lost some $528 billion in total market value the prior two days following Trump’s weekend threat to increase tariffs on Chinese goods instead of striking a trade deal with the Asian economic giant. Chinese officials said they would retaliate with their own tariffs on U.S. imports.