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News & Views
An independent
(financial adviser’s) view
“Tariffs through time: have they ever worked?”
History may not repeat itself, but it certainly rhymes. Is what Trump is doing as ‘unprecedented’ as every headline proclaims? I’m sure other wiser writers have spotted some of these historical echoes, but let’s remember some headlines from US history.
“Stocks surge and yields stabilise as Trump tariffs paused”
“The reason our stock market is so successful is because of me. I’ve always been great with money, I’ve always been great with jobs, that’s what I do”, said the man himself about (of course) himself. And, yes, one tweet, if we’re still allowed to use that old Woke term, on Truth Social can indeed send markets firmly up as well as down.
“UK mortgage lenders cut rates after Trump tariffs”
A welcome by-product of the mayhem, for those with mortgages rather than or as well as savings, is the reduction in long-term interest rates to which it seems to be leading, at least on this side of the proverbial pond.