Trump's trade war will reach a cease-fire — but the post-midterm battle could bruise your portfolio

Core Viewpoint - The U.S. trade war initiated by President Trump is expected to decline in 2026 but may escalate again in 2027, coinciding with the political landscape leading up to the 2028 election [1][2] Group 1: Trade War Dynamics - The trade war is anticipated to simmer in 2026, with a potential resurgence in 2027 as Trump seeks to protect American industry [1] - The outcome of the trade war is uncertain, with no guarantees that it will conclude favorably before the 2028 election [1] Group 2: Geopolitical Context - The trade war is framed as a geopolitical phenomenon, influenced by extreme factionalism within the U.S. and the strategic challenges posed by Russia and China [2] - The U.S. response to these geopolitical threats has been characterized as both delayed and excessive, reflecting a historical pattern in American policy [2]