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Barclays slashes S&P 500 target amid global trade war fears
Barclays slashes S&P 500 target amid global trade war fears
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Barclays has lowered its S&P 500 target to a Street low, citing concerns that rising global trade tensions, particularly new U.S. tariffs, will hurt corporate earnings and stall growth across sectors. The new figure implies barely 0.3% upside from the index’s starting point this year. The downgrade was announced by Venu Krishna, Barclays’ head of U.S. equity strategy, who pointed to worsening trade friction under President Donald Trump’s second term. Krishna noted that the U.S. is already applying new tariffs on products from Canada, Mexico, and China, and that more tariffs on other countries are expected in early April.
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