, Columnist
Trump’s Trade War Has Cost Investors Up to $7 Trillion
Stocks dropped 6.6% in May, and the damage goes back even further.
The market bill for tariffs is starting to pile up.
Photographer: Mario Tama/Getty Images
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If you thought President Donald Trump’s golf outings were expensive, wait until you see how much his trade war could cost investors and most likely already has.
A double dose of troubling trade news late last week sent stocks sliding on Friday. That brought the drop for the month to 6.6%, making it the worst May for the market since 2010 and the third worst if you go all the way back to early 1950s. And that’s saying a lot. May is, after all, according to the traders’ adage, the month where investors are supposed to go, and stay, away.