Live: Mexico's Sheinbaum celebrates tariffs reprieve as Canada's Liberal Party picks Trudeau successor
Published On Mar 9, 2025, 11:59 PM
US President Trump's approach to tariffs is causing volatility in the markets as he imposes new tariffs on countries including Canada, Mexico, and China, while pledging more in the future. The uncertainty surrounding these tariffs is affecting various industries and could potentially lead to inflation and impact interest rates. Corporations are adapting by adjusting their supply chains and pricing strategies, but many are also warning of the negative effects on profitability and economic growth. Goldman Sachs has downgraded its GDP forecasts due to these higher tariffs, predicting a potential recession risk has increased.
Stock Forecasts
MCD
Negative
With the ongoing trade tensions and Trump's fluctuating tariff policies, companies like McDonald's and HP are feeling the pressure, as their costs may rise leading to squeezed margins. Conversely, companies like Apple, which are investing significantly in the US, may benefit from a stronger local economy despite the uncertainty. Nintendo's stock price has taken a hit due to tariff fears, suggesting negative market sentiment in the gaming sector as well.
AAPL
Positive
Given the volatility created by these tariffs, and specifically the ramifications on sectors tied closely to international trade, industries like technology and consumer goods might face short-term challenges, while sectors with domestic focus could be more resilient.
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