With tariffs dominating the conversations in financial markets recently, looking for stocks that can withstand their effects can be highly valuable. This is true even as President Trump appears to be making a 180 on his tariff talk. The Wall Street Journal has communicated with a senior White House official.
This person believes that Trump could reduce tariffs on China to 50% to 65% from the current 145%. This was music to many investors' ears. It was one of the key factors helping the S&P 500 Index rise by 1.7% on April 23.
