Trump’s First 100 Days: Economic Shifts and Financial Implications
President Trump's administration has imposed tariffs on Mexico, Canada, and China, and made attempts to downsize federal government agencies. The President has signed 82 executive orders, and more changes are likely in store. According to Omar Qureshi, managing partner and investment strategist at Hightower Wealth Advisors, the impact of these changes on consumers' finances is uncertain due to Trump's flip-flopping on tariffs.
- The unpredictability of Trump's economic policies could lead to a rollercoaster effect on investors, causing them to reassess their portfolio strategies and adjust their risk tolerance accordingly.
- How will the potential repeal of the state and local tax deduction limitation impact the financial planning strategies for high-income households with significant property taxes?