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Taking Stock

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Energy & Commodities

U.S. markets are trailing the world as aura of ‘America First’ fades

Just weeks ago, investors were hailing Donald Trump’s return to the White House as a reason to bet that his blend of tax cuts and tariffs would supercharge economic growth, in turn boosting U.S. stocks and the dollar at the expense of international peers. The so-called Trump trades were on. Now that mood has quickly soured.

Trump's Tariffs