Stoever Glass & Co., Inc.
Phone: (212) 952-1910
P: (800) 223-3881
Trade wars, midterm elections, and market volatility highlighted 2018 for investors. In an attempt to reduce
the trade deficit, President Trump pushed to rewrite trade agreements with several long-time trade partners
of the United States. Trump amended the trade agreement with South Korea, imposed tariffs on steel and
aluminum, and renegotiated the North American Free Trade Agreement (now called the United
States-Mexico-Canada Agreement). But the trade war with China has been the most compelling and
impactful, not only to the countries directly involved, but to much of the global economy. Reciprocal tariffs
were imposed by each economic giant throughout the year. There was a temporary truce achieved
following the Group of 20 summit, but there was no definitive agreement reached.