- The markets have been roiled following President Donald Trump’s proposed tariffs on China and the country’s response.
- That’s in contrast with last year, when promises of tax cuts and deregulation helped support the market.
- According to Larry Hatheway, the chief economist and head of investment solutions at GAM, there has been a change in the views on whether Washington will be supportive of markets.
The Trump bump for the stock market is turning into something else.
For a variety of reasons, 2017 was the second-best year for stocks since the recession. High on the list were President Donald Trump’s promises to cut corporate taxes, motivate companies to return billions of dollars in untaxed profits to the US, and scale back regulations.See the rest of the story at Business Insider
NOW WATCH: Wall Street’s biggest bull explains why trade war fears are way overblown
See Also:
- Wall Street is waking up to the most hostile parts of Trump’s agenda — and the worst is yet to come
- Trump’s trade war antics just spoiled a perfectly good jobs report
- Trump says the US has already lost its trade war with China
