Protectionism is stupid. But changing our investing is silly.
Another day, another market-shaking headline out of the US.
This morning, we woke to news that US President Donald Trump had imposed the threatened tariffs on Canada, Mexico and China.
And that, as a result, China and Canada had announced trade retaliations, with Mexico considering its options.
Now, there’s a lot of politics mixed up with economics, these days. And vice versa.
I care not for the political affiliations, or the parties that stand behind economic policies, as you’ll know from my past commentary on Australian economic policy.
But it’s worth restating, because there are too many who will only view this announcement through a political ‘my guy vs. their guy’ lens.
And so, with that said, let me restate:…
