(Equities.com) President Donald Trump met with European Commission President Jean-Claude Juncker this week to discuss how to deal with mounting global trade tension and imbalances and, although it is still early in the negotiations, the consensus of companies affected by this year’s newly imposed tariffs seems hopeful.
It’s been a rocky few months indeed for Corporate America since President Trump announced tariffs on steel and aluminum as part of his commitment to save billions of dollars lost to other countries as the United States imported more then it exported. When talk of new tariffs originally began, the perception was that President Trump intended to simply update trade agreements to promote fair trade and protect the United States; however, the situation has evolved into a much broader revision of headline-making trade agreements.
