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Wall Street Is Collateral Damage in Trump’s Trade War

Markets

Denitsa Tsekova, Isabelle Lee, Vildana Hajric

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April 6, 2025

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Bloomberg

The American investor class — that top 10% that owns almost all of the stocks — is quickly coming to terms with its new, much-diminished status in the era of Donald Trump’s trade offensive. From the corporate executives counting their stock options to the billionaire hedge-fund moguls and everyone in between, they’re merely collateral damage now.

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