Stock Markets Keep Voting Against Trump's Protectionism

One of the economy's best indicators gave protectionism a big thumbs down this week. As of early afternoon, the Dow Jones Industrial Average had recovered much of the ground it lost the previous day. The reason? The Administration announced it would hold off on tariff increases on most goods from China until mid-December. In other words, this should be recognized as another sign of the negative economic impact on any country that imposes tariffs. The market is voting with its portfolios - and the vote is solidly against protectionism.