CCLA's Charlotte Ryland and Joe Hawkes: How to position for the end of the 90-day tariff pause

Focus on quality

Every crisis has its prophets. US President Donald Trump’s April tariffs were no exception.

In the past months, many column inches have been written about the benefits of selling US shares and buying European shares or defence names like Rheinmetall.  A key question now is: how should investors be positioned when the 90-day tariff pause ends on 9 July? In 2022, when Russia invaded Ukraine, traders piled into oil, gas and mining stocks. And during Covid, any companies that offered ‘remote' solutions attracted massive inflows. Zoom, Peloton, Deliveroo, you name it. Momentum is all about catching the next wave. But over longer time horizons, ‘quality shares' have been the ou...