. Scottish Mortgagme Investment trust (LSE: SMT) The price of the shares has been swept in the latest duel of stockout turbulence. To be sincere, I wouldn’t expect anything else.

Trust is renowned. When it flies, it flies. But when it falls, it hurts. That’s why I prefer to buy my actions in bad times than good. Today he qualifies as a bad time, and therefore good if you see what I mean.

In no way trust will avoid rainfall from Donald Trump’s tariff threats. Not at about two -thirds of the wallet invested in American growth actions, especially technology.

Can this FTSE 100 trust provide again?

Tariffs can strongly achieve sales and profits, while the threat of American recession increases pressure. Actions have dropped by 18% in the last three months, derailing the promising rally. Within 12 months, the profit was cut to just 5%.

It could have been much worse. Scottish Mortgage the action fell by half during the technology route in 2022, and I was among those who wonder if it’s time to throw a towel.

I bought just before reflection, but I have no illusions. This trust is a bumpy ride and it will always be.

Scottish Mortgage aims to identify the most transformational companies in the world and take a position at an early stage. Recently, AI’s fever has helped supplement the valuations. Now Trump’s threats have threw the keys in the works.

James Anderson built trust in Juggernaut, and since his departure the main manager Tom Slater has silently left his trail. In November last year he cut his participation in NvidiaA warning that brisk AI training costs can squeeze adoption. This decision now looks even smarter, especially in the case of a rival Deepseek enters the stage.

Spacex, a miracle holding of 7.3% of the portfolio, is the most eye -catching asset in trust. This is a brilliant opportunity. But also risky when the world blows scorching and cool to Elon Musk. Over a quarter of the portfolio is found in undamaged companies, which increases uncertainty and variability.

High risk, high potential

Everyone who is considering jumping should first examine their current portfolio. People already highly exposed to American technology should avoid accidental doubles. But for others it can be a possibility of buying.

Scottish Mortgage is currently a 8.5% discount to net assets, and the shares are about 865 pence. This price may be theft if the storm passes.

Trust tends to elevate on the way up and worse results down. If the tension is escalating, actions can commit a larger beating. Every investor considering shares must accept that this is possible.

I am cheerful with my participation and I plan to support myself. For those who are not yet, I think that it is worth considering after a recent decline, but only with a minimum 10-year view.