- U.S. outperformance in the global economy and across financial markets is fading as President Donald Trump's tariffs weigh on growth prospects and send investors to seek gains elsewhere. U.S. stocks are down so far this year and the Nasdaq slipped into correction territory, while European and Chinese stocks are soaring.
A few months ago, the U.S. economy and financial markets looked unstoppable, while Europe and China were struggling to break out of prolonged weakness. But that is turning upside down as President Donald Trump presses ahead with a tariff agenda that's meant to put America first.
