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Showing results for JAYME P. SMOOT
...US stocks reversed their gains, with the S&P 500 down 0.2 per cent....
...The benchmark S&P 500 rose 1.5 per cent on Tuesday....
...Last week the US government announced new protectionist measures against China, resulting in the S&P 500 losing well over $1tn in market value....
...Smoot Hawley, anyone?...
...The change had to do with trade policy, and specifically the looming passage of the Smoot-Hawley tariff that sparked economic isolationism around the world....
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