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.
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.
Firms dependent on overseas supply chains may see a negative impact on their stock prices, particularly in sectors such as technology and consumer goods.
Negative
Tariff announcements may lead to volatility in stock markets, particularly for international trade-dependent stocks.
Laffer Tengler CEO and CIO Nancy Tengler discusses investment opportunities and more on ‘Making Money.'
Capitalist Pig hedge fund manager Jonathan Hoenig weighs in on market rallies, his concern for everyday Americans amid inflation, and his stock pick.
Oct 11, 2024, 12:25 PM
JPMorgan Chase & Co. chief Jamie Dimon on Friday sounded the alarm about "critical risks" to the U.S. economy in the bank's third quarter earnings report.