President Donald Trump made international trade, and his skepticism thereof, a centerpiece of his campaign.
Yet Wall Street, ever hopeful, saw those promises as bluster, choosing instead to focus on Trump's talk of corporate tax cuts and widespread deregulation.
Now that Trump is in power, markets are starting to realize he has a lot more leeway to enact his trade agenda unilaterally than he does to act on the tax and regulatory fronts, where legislators and the judiciary will have a much greater say.
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