Wall Street loves Donald Trump’s pledge to slash taxes, roll back regulation and unleash infrastructure spending. But investors fear that his anti-trade campaign talk could translate into damaging protectionist policies.
Trump’s stance on trade is easily the market’s No. 1 concern about the incoming administration, according to a CNNMoney survey of market strategists. All but one of the 15 experts who responded to a question about which Trump campaign promises they found most alarming cited potential obstacles to free trade.