Trump’s tariff threat likely a tactic for NAFTA renegotiation

Jack Ablin, CIO of Cresset Wealth Advisors, appearing on Fox Business 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.

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Cresset is an independent, award-winning multi-family office and private investment firm with more than $45 billion in assets under management (as of 04/01/2024). Cresset serves the unique needs of entrepreneurs, CEO founders, wealth creators, executives, and partners, as well as high-net-worth and multi-generational families. Our goal is to deliver a new paradigm for wealth management, giving you time to pursue what matters to you most.

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From Chief Investment Officer, Jack Ablin.
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