What the recent tariffs could mean for the market and investors

President Trump’s aim of bringing manufacturing back to the U.S. and addressing what he identifies as trade imbalance between the U.S. and the rest of the world could affect markets—but what the current trade and tariffs scenario could mean for markets is best viewed in the broader context of potential policy and regulatory events yet to be played out. These include tax reform, immigration, and deregulation, among others. Initial reactions suggest that while the economic impact of these potential changes on the U.S. is expected to be moderate, market volatility is likely to remain elevated. However, the situation remains fluid.