Markets rose on Tuesday, with the S&P 500 rising 0.3 percent as concerns over a potential trade war receded somewhat.
George Schultze, a hedge-fund manager and founder of Schultze Asset Management, said that “it seems like investors are starting to suspect that Trump’s tariff announcement could just be an opening gambit in his renegotiations over Nafta, so the threat may not be as bad as some are fearing”.
Still, former US presidential candidate Ron Paul thinks that the market is at risk even if Trump backs away from his tariff threat.
“If the Fed continues on the things that they are sort of planning on doing, it's going to be a calamity,” he said on CNBC on Monday. “I think we have a greater distortion and a financial danger sitting out there bigger than ever before.”
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