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Wall Street Week Ahead - Trump's tariffs prompting some U.S. fund managers to look overseas

Reuters  |  NEW YORK 

By David RandallNEW YORK (Reuters) - President Donald Trump's announcement of import tariffs, and the prospect of retaliation by other countries, is prompting some fund managers to pare their holdings of U.S. stocks and look for opportunities overseas.The high turnover of key staff in the White House, including the exit of Gary Cohn, the director of the National Economic Council this week is undermining confidence in policy making also.President Trump said Thursday that he would begin imposing import tariffs of 25 percent on steel and 10 percent on aluminium in 15 days, sparking fears of a ...

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First Published: Fri, March 09 2018. 17:55 IST