U.S. Trade Representative is grilled on Capitol Hill about China and Mexico

Author: , Post Date: June 18, 2019
image_pdfimage_print

U.S. Trade Representative is grilled on Capitol Hill about China and Mexico

June 18, 2019

Yahoo Finance - David R. Kotok - U.S. Trade

President Trump’s top trade negotiator Robert Lighthizer was in the Congressional hot seat today facing tough questions from lawmakers on trade and tariffs. Rick Helfenbein, American Apparel and Footwear Association CEO, joins Yahoo Finance’s Julie Hyman and Adam Shapiro, Cornell Capital’s Ann Berry and Cumberland Advisors Chairman David Kotok to talk about the latest trade headlines.

“The tariff wars create winners and losers. You just hear from losers. They’re worried. With good reason. There are no tariffs on the healthcare sector. You can’t name them. It’s 18% of our GDP. In our portfolios, we’re overweight in the healthcare sector. Why? Do we want this tariff war? No. But as a portfolio manager and investment advisor, you have to pick and choose. And tariff wars by definition pick winners and losers and they have unintended consequences. And we’re just seeing the unintended consequences revealed now,” says David R. Kotok.

Watch at Yahoo Finance or in the embedded player below.

cumber map
Cumberland Advisors® is registered with the SEC under the Investment Advisers Act of 1940. All information contained herein is for informational purposes only and does not constitute a solicitation or offer to sell securities or investment advisory services. Such an offer can only be made in the states where Cumberland Advisors is either registered or is a Notice Filer or where an exemption from such registration or filing is available. New accounts will not be accepted unless and until all local regulations have been satisfied. This presentation does not purport to be a complete description of our performance or investment services. Please feel free to forward our commentaries (with proper attribution) to others who may be interested. It is not our intention to state or imply in any manner that past results and profitability is an indication of future performance. All material presented is compiled from sources believed to be reliable. However, accuracy cannot be guaranteed.
Loading...