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It could’ve been worse. It’s already priced in. Tariffs won’t derail global growth. As Wall Street gets humming Tuesday, investors are still trying to put their finger on the reason why financial markets have shrugged off the Trump administration’s latest salvo in the trade war with China.
Yes, there was the now-common knee-jerk reaction to last evening’s announcement that the U.S. will slap tariffs of 10 percent on $200 billion in Chinese goods: S&P 500 futures tumbled, the yen spiked and Asian futures signaled losses. Almost immediately though, those reversed and held even after China said it would retaliate without noting
