The resurgent debate about tariffs - particularly between the US and China - has the potential to cause considerable unrest on the markets in the short term. If new or stricter import tariffs are actually imposed, this will primarily affect companies with a high exposure to China or a high proportion of imports: classic examples would be tech stocks such as Apple, Tesla or Broadcom, but also consumer goods manufacturers such as Nike or Adidas, which have production facilities in Asia.
Geopolitically, this could further exacerbate the already tense situation: Trading blocs could become more detached from each other, which would slow down globalization in the long term and increase costs - keyword: "de-risking" instead of "decoupling".
In the short term, this could lead to further setbacks - especially for growth-oriented stocks with a global footprint. However, these setbacks can also offer opportunities. Because if the whole thing turns out to be a political negotiating tactic, as is so often the case, the markets could quickly turn again. Companies with a strong balance sheet, pricing power and a clear growth path in particular could then offer entry opportunities.
For the getquin community, the question is rather: do we sit this out, stubbornly continue with our savings plans - or do we make targeted use of the dips? In my opinion: If you take a long-term view, you should continue to invest - either adding counter-cyclically or sticking with it via a savings plan. Emotional selling has rarely been a good strategy.
