Markets feared Trump would light the fuse on a trade war, and maybe he just did
- Stocks sold off sharply and investors moved into the safety of bonds, after President Donald Trump said he would put tariffs on imports of steel and aluminum.
- Analysts said the tariffs were not in themselves signs of a ‘trade war’ but could be a catalyst to spur one if other countries around the world retaliated.
- The tariffs could create inflation as industries pay more for products made with steel or aluminum and pass the costs to consumers. Read More @ https://www.cnbc.com/2018/03/01/markets-feared-trump-would-light-the-fuse-on-a-trade-war-and-maybe-he-just-did.html
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