White House's Brainard Says Trump's Proposed Tariff Increases Would Impose 'Tax' On U.S. Families Of $4,000 Per Year
Portfolio Pulse from Benzinga Newsdesk
White House's Brainard stated that Trump's proposed tariff increases could impose a $4,000 annual 'tax' on U.S. families, as discussed at a Council on Foreign Relations event.
September 16, 2024 | 5:14 pm
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NEGATIVE IMPACT
The proposed tariff increases by Trump could negatively impact the broader U.S. economy, potentially affecting the SPY ETF, which tracks the S&P 500. Increased tariffs may lead to higher costs for consumers and businesses, impacting corporate revenues and stock prices.
The SPY ETF, representing the S&P 500, could be affected by the proposed tariffs as they may lead to increased costs for U.S. consumers and businesses. This could result in reduced consumer spending and lower corporate revenues, negatively impacting stock prices.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50