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How Tech Stocks, Rate Hikes, and a Trade War Could Affect BLK

How Tech Stocks, Rate Hikes, and a Trade War Could Affect BLK

The Trump administration has initiated what may become a trade war with China and its allies in order to push for domestic manufacturing, reduce its deficit, and bring duties on par with those of other countries. This has led to a further weakening of the US dollar, which began in 2H17 on expectations of a higher trade deficit due to lower tax rates. China is responding to the threat of a trade war with duties of up to 25% on American imports across various categories.