The President has an enormous potential impact on the stock market. A slip of the tongue can generate considerable short-term volatility. More importantly, a president and his policies can lead to “regime uncertainty,” which can significantly influence the stock market over long periods.

Tariffs are typically bad news for the economy and stock market. "They raise prices, slow economic growth, cut profits, increase unemployment, worsen inequality, diminish productivity and increase global tensions," according to David Kelly, Chief Global Strategist at J.P. Morgan.

Investors should reset their views about Trump’s priorities and goals during this 90-day trade war cease-fire.