What the recent tariffs could mean for the market and investors

President Trump's aim of bringing manufacturing back to the U.S. and addressing what he identifies as trade imbalances between the U.S. and the rest of the world is impacting the equity market. What the current trade and tariffs scenario could mean for investors can be viewed in the broader context of potential policy and regulatory events that have yet to play out. These include tax reform, immigration, and deregulation, among others. Initial reactions suggest that while the economic impact of these potential changes for the U.S. economy is expected to be moderate, market volatility is likely to remain elevated. That said, the situation remains fluid.