What a Second Trump Term Could Mean for Your Money

Published On Nov 8, 2024, 5:03 AM

President-elect Donald J. Trump's financial policies will focus on personal finance issues including taxes, student loans, and tariffs. While he plans to extend tax cuts beyond 2025, the implementation will depend heavily on the composition of Congress and possible Supreme Court rulings. Trump's potential increase in tariffs could lead to uncertainty in consumer prices. Overall, many uncertainties remain about how much he can achieve compared to his campaign promises.

Stock Forecasts

Trump's financial policies may lead to increased volatility in the market, especially with his tariff proposals. Companies that are sensitive to tariffs and international trade could face challenges, making the market reaction uncertain. However, companies in sectors that could benefit from tax breaks could see positive movements if his policies are implemented successfully.

Investors in international trade and manufacturing should monitor how Trump's tariff policy unfolds which could negatively impact companies with high imports. Conversely, sectors benefiting from tax cuts or domestic production might see a positive impact.

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