Trump’s tariff threat likely a tactic for NAFTA renegotiation

Cresset Capital In the News

Jack Ablin, CIO of Cresset Wealth Advisors, appearing on FoxBusiness with Stuart Varney in March 5, 2018. He considers whether President Trump’s vow to impose tariffs on steel and aluminum imports as early as this week is a negotiating tactic related to the NAFTA renegotiation, or the start of a global trade war. He also discusses the global implications of tariff barriers. From a portfolio management perspective, Jack feels there is much to like about the current domestic and global outlooks, but he would reduce weightings in US equities if tariff talk moves from rumblings to reality.