Investors are anxious about higher tariffs under Trump 2.0, including uncertain economic consequences after ‘liberation day’
by Christine Idzelis
Market Watch
The current White House policy mix is “unambiguously going to hurt U.S. growth in the short term,” or over the next six to 12 months, said Bob Elliott, co-founder, chief executive and chief investment officer at Unlimited Funds, in a phone interview. The policies — including tariffs, immigration restrictions and cuts to spending and the federal workforce — point to a “negative picture” for economic growth in the coming months, even if the longer-term outcome is less clear, he said.
For investors worried about the risk of higher inflation and slower growth leading to a stagflationary situation, gold typically outperforms relative to other asset classes in that environment, according to Elliott.