A trade war is brewing
It’s still early days for this tariff tantrum as it seems Trump is just getting started. These tariffs are presumably being used as a negotiation tool with other nations in some cases and as a pressure tactic in others. Notably, China and the European Union (EU) have refused to back down and have come up with retaliatory tariffs....The stock market was on a wild roller-coaster ride this week.
The sharp volatility began when President Trump announced a slew of “reciprocal” tariffs on more than 180 countries in what he termed “Liberation Day”.
This pronouncement led to a sharp plunge in the Straits Times Index (SGX: ^STI) as pessimism engulfed the market.
Just a few days later, Trump announced a surprise 90-day pause on tariffs in a stunning U-turn, causing markets to stage a relief rally.
Is the worst over for this tariff saga?
If not, here’s how should you position your portfolio to enjoy a good night’s sleep.
