Investors Face Significant Headwinds says Newton's Stewart

President Trump is changing the global trade scene, the tension between Russia and the US looks set to continue, and automation is disrupting economic growth

Karen Kwok 24 April, 2017 | 12:47PM

In 1988, a 41-year-old Donald Trump talked to the American talk show host David Letterman about his scepticism of free trade: “We are living in very precarious times. If you look at what certain countries are doing to this country. Japan has totally taken advantage of this country. I am talking about the trade deficits. They come and they talk about free trade… We defend Japan for virtually nothing, which is hard to believe.”

Three decades later, now President Trump has made similar remarks on trade policy, speaking from the White House last week, saying: “Our farmers in Wisconsin and New York State are being put out of business, our dairy farmers. And that also includes what’s happening along our northern border states with Canada, having to do with lumber and timber. We can’t let Canada or anybody else take advantage [of us] and do what they did to our workers and to our farmers. This is another NAFTA disaster, and we’re not going to let it continue onward.”

Trump’s Unwavering Policy

Considering the longevity of his beliefs, those in opposition will be hard pressed to change Trump’s views, says former Danish Prime Minister Anders Rasmussen.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
BNY Mellon Real Return A GBP Inc122.78 GBP0.38
Walmart Inc129.97 USD0.00

About Author

Karen Kwok

Karen Kwok  is a Reporter for Morningstar.co.uk

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