Trump Announces Chinese Import Tariff; Consumer Sentiment Rises
Alexis Melvin, associate at Adviser Investments, has the market analysis for Friday, June 15. Although trade-tariff posturing has become familiar to investors, it still has the potential to impact markets. On Friday, President Trump’s administration announced $50 billion in tariffs on Chinese imports, which resulted in some downward market pressure. Meanwhile, consumer sentiment rose in the first half of June. Next week, we’ll be watching for several housing, manufacturing and service sector reports.