Please stay tuned for important disclosure information at the conclusion of this episode.

Welcome to Investing Insights. I'm your host, Ivana Hampton.

Investing Insights is helping investors navigate market volatility in a new series.

Morningstar Strategies and and authors will deliver timely

insights, trends, and tips. These episodes will pop into your podcast feed at least once a month.

This week's episode examines the uncertainty concerning the Trump administration's trade war.

The unprecedented tariffs shocked global markets. Morningstar

forecasters changed their outlooks for inflation, economic growth, and recession. I talked with

Dominic Popolardo about what investors should know. He's the chief multi-asset strategist for

Morningstar Investment Management.

Thanks for being here, Dom.

Great to be here, Ben.

Well, the trade war between the U.S. and China has escalated.

Both nations have raised tariffs significantly over the past week.

What do you make of that?

But first, let's timestamp this moment is Thursday, April 10th, just before 10 a.m.

You have the floor. Yeah, absolutely. The situation with China has definitely escalated. Both countries have retaliated against one another after the initial announcements from Liberation

Day, even prior to Liberation Day. I think it's becoming more apparent that the White House is really viewing this trade war as a direct conflict with China, more so than any other country.

I think Canonga and Mexico matter a fair amount just because they're so local to the U.S. But globally, China is really the country that the White House has worried about regulating

trade relations with.

Now, President Trump has said that taxing foreign products would bring in billions of dollars

and more revenue and rebuild America's manufacturing industry.

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