Why Donald Trump talks so much about William McKinley

Published On Oct 6, 2024, 9:00 AM

Donald Trump has been referencing William McKinley during his campaign due to their shared pro-tariff policies. McKinley, who was president from 1896 to 1901, promoted high tariffs to boost American industry and revenue. Trump admires this approach, advocating for tariffs as a central part of economic policy to increase U.S. revenue and reduce reliance on income taxes. Critics point out that while McKinley initially supported tariffs, he later acknowledged their limitations and leaned towards freer trade. This oversight could signal that Trump's approach may not align with modern economic realities and could lead to negative economic consequences.

Read full article

Stock Forecasts

SPYView SPY chart on TradingView

Negative

As Trump continues to push for a return to high-tariff policies, companies in industries that rely heavily on tariffs could see short-term gains if tariffs are implemented. However, the long-term impact may lead to increased prices for consumers and potential retaliatory measures from other countries, which could harm U.S. businesses overall.

Related News

Inflation is not ‘dead at all’ despite ‘coming down’: Hoenig | Fox Business Video

Capitalist Pig hedge fund manager Jonathan Hoenig weighs in on market rallies, his concern for everyday Americans amid inflation, and his stock pick.

SPY

Jamie Dimon warns of 'critical issues' that could affect US economy

Oct 11, 2024, 12:25 PM

JPMorgan Chase & Co. chief Jamie Dimon on Friday sounded the alarm about "critical risks" to the U.S. economy in the bank's third quarter earnings report.

SPY

Idea that Fed has managed this soft landing 'is starting to take hold': Kenny Polcari | Fox Business Video

Slatestone Wealth Chief Market Strategist Kenny Polcari discusses the market rallying following the inflation report, Jamie Dimon's warning of geopolitical risks, and how he fared during Hurricane Milton.

SPY
TLT