Art Hogan, chief market strategist for B. Riley FBR and Wunderlich Securities, discusses market reaction to President Trump's announcement that he will place tariffs on steel and aluminum imports.
Since the announcement, China and the European Union have responded saying that they will protect themselves in the wake of this announcement, signaling the beginning of a possible trade war. We talk about what this means for inflation and the long-term impact on the markets. The timing of this announcement is less than ideal since markets were already uneasy over concerns of rising interest rates.
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