I don’t think there’s any point to waiting around to see how quickly or fiercely China (and the European Union) will retaliate against U.S. exporters after today’s announcement that the United States will put a 25% tariff on Chinese (and other imported) steel and a 10% tariff on Chinese (and other imported) aluminum.
Boeing (BA) is an obvious target so I’m selling the stock out of my Jubak Picks portfolio. Even after today’s 3.8% drop in the share price, I’ve still got a 4.17% gain on this position since I added Boeing to the portfolio on January 24.
There’s a saying that when two elephants fight, the mice need to run out of the way. If we are headed to some sort of a China/EU/U.S. trade war, I don’t want to be a heedless mouse.