Wall Street believes Trump is safe, but worry impeachment inquiry could hinder trade deals


Wall Street warns clients that the House Democrat impeachment inquiry into President Trump will snare trade policy in the months to come.

The announcement from House Speaker Nancy Pelosi on Wednesday threatens ratification of the USMCA and poses a risk to U.S.-China trade talks.

“Legislating is dead. As we previously said, impeachment will lead to Congress doing nothing,” Raymond James analysts wrote.

* This is not intended to start a political discussion, but rather how the news could impact the stock market