Is The Everything Rally Vulnerable To Trump's New Tariffs?

2025-08-01 11:00:00 ET

President Trump on Thursday announced new tariffs on dozens of countries, marking a resumption of the trade war policies that he originally outlined in April. Stocks fell around the world in reaction to the news, although all the major asset classes are still posting gains year to date, based on a set of ETFs through Thursday’s close (July 31). But with the return of an aggressive stance on trade from the White House, the near-term outlook for risk assets is again forced to price in the effects from erratic policy shifts....

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