How US stocks have flopped in 2025 — falling out of the Top 40 worldwide — because of Trump’s tariffs
US stocks have fallen out of the Top 40 with investors worldwide this year – and chart watchers can blame President Trump’s flip-flopping song and dance on tariffs.
This year through May 20, Chinese stocks are up 19.9% while neighboring South Korea’s are up 14.3%. Europe’s are up 22.3% including Germany’s, which are up 20%. Mexico’s, for the love of avocados, are up 27%. Altogether, non-US stocks are up 15.5%.
The S&P 500? It’s barely in positive territory – up just 1.2%. Of the 47 MSCI All-Country World Index countries, America’s year-to-date return ranks No. 41.
How did US stocks drop from platinum and gold to the bargain bins? Take a look at Trump’s on-and-off, whack-and-forth approach to…
