Dear Towerpoint,

$34 billion as the appetizer, $500 billion as the entree?

Investors worldwide are unnerved. The U.S. implemented $34 billion in tariffs on Chinese goods earlier today, and minutes later, China hit 545 imported U.S. items with tariffs of their own. Additionally, just yesterday President Trump threatened to ultimately target $500 billion in tariffs on Chinese goods, which represents roughly the TOTAL amount of U.S. imports from China last year. Beijing has called it the "biggest trade war in economic history."

Understanding time will tell whether or not China's rhetoric ends up being true, the burgeoning trade war between the world's two largest economies, coupled with political instability in Europe, is creating mounting financial concern in many global markets, our domestic market (perhaps temporarily) not withstanding.

Why are investors concerned? Trade protectionism slowly chips away at worldwide economic growth. And while the U.S. has far more leverage, and far more staying power than any of its trading partners, the threat of tariffs immediately causes investors to recount one of the primary causes of the Great Depression:

We encourage you to read the Trade Tensions Heat Up report found below for specific ideas on what to do (and not do) with your portfolio during this period of heightened uncertainty.

Shifting gears, a global trade war is not the only thing trending these days, and a lot has happened over the past two weeks:

We also encourage you to take three or four minutes to review the curated content found below, highlighted by:

  • Towerpoint Wealth's June, 2018 Market Commentary, It's a Mad, Mad, Mad, Mad World
  • The official launch of the Towerpoint Wealth Responsible Investing webpage (click HERE) and initiative
  • An article discussing how your 401(k) compares to everyone else's
  • With many of us traveling and vacationing with friends this summer, the bill-splitting app Splitwise should come in handy

The world remains a complicated place, and we encourage you to call (916-405-9140), email (, or Tweet (@twrpointwealth) with any concerns, questions, or needs you have. We continue to be here for you, and look forward to connecting with, helping, and being a direct, fully independent, and no-strings-attached expert financial resource for each of you.

- Joseph and the Towerpoint Wealth team

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