Last minute Trump promises — from more tariffs to less chip money — add final wrinkles to 2024 contest

The proposed tariffs on Mexico, particularly the possibility of a 100% tariff, could significantly raise costs for consumers and businesses that rely on Mexican goods. This could lead to inflationary pressures, especially impacting companies in the consumer goods sector. Investors in stocks that heavily import from Mexico or are sensitive to tariffs might want to prepare for potential stock declines. Furthermore, stricter tariffs could affect sectors like automotive, which imports many components from Mexico.

Trump's commentary on the semiconductor industry and the looming possibility of repealing or restructuring the Chips Act may negatively impact investor sentiment in the tech sector, particularly for companies deeply invested in semiconductor manufacturing and development. A lack of support for this legislation could hinder growth opportunities in the semiconductor sector and lead to reduced investments.