Donald Trump confirmed his plan to implement significant tariffs on imports from China, Mexico, and Canada, starting this month.
While tariffs may achieve the desired result of their application, though that is hard to prove over the long-term, they also bring certain risks to the economy and markets.
Sure, he didn’t do it in clear words… “Go buy gold!” but his actions are those that historically result in an unusually large rally in gold prices as investors look to hedge their portfolios.
This post originally appeared at Money Morning.