Trump may be calculating that tougher stances on immigration and trade could score him points in November. Nike NKE Apple AAPL The US-China trade war has already showed protectionism can depress business spending, dampen confidence and scramble supply chains. "But the threat of sparking a transatlantic trade war is not in the spirit of what they've done since the beginning of the pandemic." "These two issues -- immigration and tariffs -- are crucial for Trump's reelection," Greg Valliere, chief US policy strategist at AGF Investments, wrote in a note to clients Wednesday. But the risk is that by bowing to his base, Trump hinders the recovery that is required to win reelection.

Source: CNN June 24, 2020 18:45 UTC