Trade War: Why the Stock Market Isn’t Worried
In the early days of the Trump administration, stocks and the overall market would drop or pop on his every tweet. Now traders mostly ignore all but the most severe and credible ones. Talk of a trade war is no exception. While some industries are feeling the pain, and some a few benefits of tariffs, the stock market has increasingly felt little or no lasting negative impact.
At a conference held by a top investment bank in Manhattan last week, attendees were asked to submit what they thought was the biggest risk to the global economy. When their concerns showed up on the conference screen, these words were the most popular: Trump, trade war and protectionism.