Wall Street Picks Up After Trump's Tariffs Talk
- 6 years ago
After President Donald Trump proposed new tariffs on imported steel and aluminium, investors on Wall Street hit their brakes.
But traffic is starting to move again and the top indexes are all up over 1-percent on the day.
According to Jeffrey Carbone with Cornerstone Financial Partners, confidence is growing that the president's proposed tariffs won't take place.
Late last week Trump announced the Commerce Department would impose tariffs of 25-percent and 10-percent on imported steel and aluminium respectively.
That led to selloff on March 1st since investors were already on edge regarding US interest rates and bond yields.
But traffic is starting to move again and the top indexes are all up over 1-percent on the day.
According to Jeffrey Carbone with Cornerstone Financial Partners, confidence is growing that the president's proposed tariffs won't take place.
Late last week Trump announced the Commerce Department would impose tariffs of 25-percent and 10-percent on imported steel and aluminium respectively.
That led to selloff on March 1st since investors were already on edge regarding US interest rates and bond yields.