Tariffs, Tariffs and More Tariffs. In our last writeup, we assessed whether it made a difference as to which party held the Presidential office for market performance. While typically, in the long run, it does not matter, in the short term, it clearly does. The President has proceeded as promised, imposing tariffs on imports in a bid to address trade deficits with other countries. This was expected, particularly with tariffs on China. However, what was not expected were the reciprocal tariffs applied to every country, regardless of whether they were an ally of the U.S. or not. Even our precious Bahama Islands were tariffed... (read more)
