What do tariffs, Mt. Denali, and Greenland have in common and what is the lesson for investors? Mt. McKinley was renamed Mt. Denali in 2015. President McKinley acquired the Hawaiian Islands when he served in the 1890s. President Trump wants to acquire the island of Greenland. McKinley put tariffs of 38% to 50% to raise revenues for the US government and to protect American businesses. President Trump has already instituted tariffs on trading partners. Trump wants to change Denali to McKinley. History may not repeat but it does rhyme. There are investment lessons to be learned.
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