The S&P 500 is starting to close its 2025 gap to foreign stocks as Trump leans in to tariff fights
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最新报道：The S&P 500 is narrowing its performance gap with foreign stocks in 2025 as former President Donald Trump's renewed push for tariffs weighs on global markets. While the U.S. benchmark has gained 8% this year, international equities have risen just 4%, with European and Asian markets particularly sensitive to trade policy shifts. Analysts note Trump's proposed 10% across-the-board tariffs could disrupt supply chains and corporate earnings globally. "The market is pricing in higher uncertainty around trade policies," said Goldman Sachs strategist David Kostin, adding that U.S. firms with domestic-focused revenue streams may benefit relative to multinationals. The divergence marks a reversal from 2024 when foreign stocks outperformed amid dollar weakness.
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