Trump doubles down on tariff ideas before wary audience
Published On Sep 5, 2024, 3:21 PM
Donald Trump reiterated his tariff policy ideas during a meeting with New York business leaders. He emphasized the potential benefits of tariffs in protecting American jobs and industries, proposing that tariffs on imports could help domestic manufacturers and boost the economy. This approach aims to appeal to both his political base and business leaders concerned about international competition.
Stock Forecasts
SPY
Negative
Increased tariffs can lead to higher costs for consumers and businesses that rely on imported goods, which may impact economic growth negatively. However, companies in domestic sectors such as manufacturing may benefit.
AAPL
Negative
Firms dependent on overseas supply chains may see a negative impact on their stock prices, particularly in sectors such as technology and consumer goods.
XLI
Negative
Tariff announcements may lead to volatility in stock markets, particularly for international trade-dependent stocks.
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