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The Tell: How investors can protect against a trade war — in one sentence

Worries are persisting this week about a potential global trade war, helped by a report that the Trump administration may impose up to $60 billion in tariffs on Chinese goods.

That news tied to the world’s second-biggest economy comes after President Donald Trump last week moved ahead with tariffs on steel and aluminum imports. He exempted Canada and Mexico, but his decision triggered the resignation of pro-trade adviser Gary Cohn.

So what should investors worried about a trade war do?

Mark Haefele, the global chief investment officer for UBS Wealth Management, has offered this game plan in a 55-word sentence that came at the end of a three-page note dated Monday:

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