Commentary

Update on the tariffs: an April to remember

In this uncertain environment, we continue to advocate for diversification, sound portfolio construction, and a focus on the long term.

By: Fidelity Institutional

Updated: 4/16/2025

Markets have reacted swiftly to President Trump’s tariff announcement and the ensuing news about a 90-day reprieve, possible exemptions from the levies, and emerging trade deals.
Investors are now weighing heightened volatility and risks to the downside against what has been a strong U.S. economy and signs that markets are stabilizing.

Get the full white paper

Update on the tariffs: an April to remember

Next steps to consider

AART Team Insights

Access economic, fundamental, and quantitative analysis from our Asset Allocation Research Team.

Learn more

Investments & portfolio construction

Manage client portfolios with greater efficiency and impact with our broad universe of portfolio construction solutions and investment products.

Learn more

Advanced Modeling & Rebalancing

Take your portfolio strategies to the next level with our flexible, innovative portfolio construction and management tool.

Learn more

For important information, see the full linked content.

1200803.1.0

6B202A27A7254D10ADA7B0B811E001A7

Past performance is no guarantee of future results.

Unless otherwise expressly disclosed to you in writing, the information provided in this material is for educational purposes only. Any viewpoints expressed by Fidelity are not intended to be used as a primary basis for your investment decisions and are based on facts and circumstances at the point in time they are made and are not particular to you. Accordingly, nothing in this material constitutes impartial investment advice or advice in a fiduciary capacity, as defined or under the Employee Retirement Income Security Act of 1974 or the Internal Revenue Code of 1986, both as amended. Fidelity and its representatives may have a conflict of interest in the products or services mentioned in this material because they have a financial interest in the products or services and may receive compensation, directly or indirectly, in connection with the management, distribution, and/or servicing of these products or services, including Fidelity funds, certain third-party funds and products, and certain investment services. Before making any investment decisions, you should take into account all of the particular facts and circumstances of your or your client’s individual situation and reach out to an investment professional, if applicable.

The use of the term "advisor(s)" throughout this site shall refer to both investment advisors and broker-dealers as a collective term.