The financial markets are thrown into turmoil once again, by the implementation of steel tariffs by the Trump administration as a barrier to the cheap China steel. However, instead of targeting just China, the steel tariffs are imposed on a global scale whether they are friends or enemies. The problem is that, US imports 70% of its steel from Canada and Mexico while China only constitutes 2% of its steel imports. After much protests from Canada and Mexico, the Trump administration excluded both countries and went on to impose the tariffs to include every other countries. What are the implications of this action to our investment portfolio? Let me address some of the frequently asked questions:

Are Trade Wars Good for USA?

The last time USA imposed extensive trade protection was during the Great Depression in the 1930s,  as the US government tried to protect the US jobs via tariffs due to high unemployment. Research from …