Donald Trump's trade protectionism keeps intensifying

Published On Sep 24, 2024, 2:47 PM

Donald Trump has intensified his trade protectionism rhetoric, proposing tariffs as high as 200% on Mexican auto imports and targeting U.S. companies like John Deere that move manufacturing abroad. He aims to lure companies back to the U.S. with lowered corporate tax rates and aggressive tariff policies, which he believes will bolster American manufacturing. Trump's approach has drawn criticism from economists and political opponents, warning that these policies could lead to increased consumer prices and inflation.

Read full article

Stock Forecasts

AI prediction results, not representative of any investment advice.

DE View DE chart on TradingView

Negative

Trump's promises of high tariffs coupled with corporate tax cuts may create volatility in the market, particularly affecting industries reliant on international trade. If implemented, such tariffs may reduce profit margins for affected companies and lead to retaliatory measures from other nations.

GE View GE chart on TradingView

Positive

The focus on returning manufacturing to America could boost companies that are positioned well to take advantage of potential tax breaks and incentives for domestic production. Companies like GE and IBM may benefit from a potential influx of domestic manufacturing investments if companies follow through on moving back to the U.S.

Related News

Trump and Harris Want to Revive Manufacturing, but How Much Could They Actually Do?

Oct 3, 2024, 5:04 AM

The policy focus on the industry has changed from job quantity to job quality. And while federal incentives matter, local factors are more important.

WMT

Harris and Trump are offering radically different visions of manufacturing — and how the government can help in 2025

Sep 25, 2024, 7:37 AM

Kamala Harris and Donald Trump are using dueling speeches this week to position themselves as the candidate of manufacturing, but both are promising to help in nearly opposite ways.

IBM