'The tariffing is going to be interesting': Donald Trump caps off a week of tariff threats
Published On Feb 21, 2025, 5:20 PM
Donald Trump has raised concerns about upcoming tariffs, including a potential 25% levy on foreign cars, semiconductors, imported drugs, and lumber. His comments followed a week of escalating trade threats, while consumer sentiment appears to be declining due to fears of increased prices. Trump has appointed a new trade official to lead these efforts, and his administration is considering retaliatory tariffs against foreign taxes on U.S. tech companies.
Stock Forecasts
GM
Positive
As tariffs on imported goods rise, domestic manufacturers might gain a competitive edge leading to potential growth in stocks of companies like General Motors. Additionally, broad-based tariffs might result in inflationary pressures which could favor utility stocks known for their relative stability.
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