Donald Trump considers 10% tariff on China from February

Published On Jan 21, 2025, 7:46 PM

President Donald Trump is considering implementing a 10% tariff on Chinese imports starting February 1. This decision stems from concerns over drug trafficking and immigration issues from Mexico and Canada. The move follows previous threats to raise import taxes by 25% on these neighboring countries.

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Stock Forecasts

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SPY

Negative

The proposed tariff on Chinese imports may lead to increased costs for US consumers and businesses that rely on Chinese goods. This could subsequently hurt stock prices of companies in sectors heavily dependent on imports from China, such as retail, technology, and manufacturing.

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