The protectionist stance of U.S. President Donald Trump is one of the "biggest" risks in 2018, an analyst told CNBC on Tuesday morning.
"I think in 2018 one the biggest risks we face is the Trump administration moving from rhetoric into real policy, a real protectionist policy," Patrick Armstrong, chief information officer at Plurimi Investment Managers told CNBC.
"I don't think it's clear they are going to move in that way but it's definitely a risk," he noted.
Armstrong's comments come after U.S. lawmakers told the wireless carrier AT&T to put an end to its commercial ties with the Chinese phone maker Huawei, Reuters reported Tuesday citing sources. The same report added that the U.S. is against Huawei raising its market participation in the U.S. due to security concerns.
U.S. authorities have also prevented some deals between Chinese and American firms, citing national security concerns, including the blocking of MoneyGram's sale to Chinese payments firm Ant Financial.