By Garfield Reynolds, Bloomberg markets live reporter and strategist
Equities are months away from experiencing serious, sustained pain from President Trump’s tariffs — and they may ride out even that. That’s the message when you look at the eerily similar history of his first trade war in 2018.
This year’s global equities rally extended in the face of Trump’s tariff letters. The euro and riskier assets may open the week lower after Saturday’s announcement of planned EU and Mexico tariffs. But with no sign as yet that the trade war is significantly affecting economies or earnings, dip-buying strategies are likely to be deployed.
