Former President Donald Trump Says New Tariffs For China Between 60%-100%, Would Impose A 10% Tariff On Imports From Other Countries
Portfolio Pulse from Benzinga Newsdesk
Former President Donald Trump announced plans for new tariffs on China ranging from 60% to 100%, and a 10% tariff on imports from other countries, during an interview with Bloomberg Businessweek.
July 16, 2024 | 9:20 pm
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NEGATIVE IMPACT
The proposed tariffs by Donald Trump could significantly impact Chinese companies, potentially leading to a decrease in the value of the iShares China Large-Cap ETF (FXI).
The proposed high tariffs on Chinese imports would likely hurt Chinese companies' profitability and economic outlook, leading to a potential decline in the FXI ETF, which tracks large-cap Chinese stocks.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
The imposition of a 10% tariff on imports from other countries could lead to increased costs for US companies, potentially affecting the SPDR S&P 500 ETF (SPY).
The 10% tariff on imports from other countries could increase operational costs for US companies, potentially leading to lower profit margins and a negative impact on the SPY ETF, which tracks the S&P 500 index.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 100