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Tariffs: TD Ameritrade’s Views and the Impact on Asset Managers

Raymond Anderson
Tariffs: TD Ameritrade’s Views and the Impact on Asset Managers

On July 11, JJ Kinahan of TD Ameritrade Holding (AMTD) stated his views on the rising US-China trade tensions. The US markets saw a sharp downtrend on June 11 as President Donald Trump announced new tariffs of $200 billion on China and pulled down the major US stock indexes. The Dow Jones Industrial Average fell sharply and ended the day at 24,700.45. The S&P 500 fell 0.71% and ended at 2,774.02.