Trump Tariffs 'Will Be Negative Not Just For Emerging Markets But Across The World,' Says Singapore's Temasek: 'Going To Create Uncertainty'
Portfolio Pulse from Navdeep Yadav
Temasek warns that a potential Trump re-election could slow global growth, impacting U.S. companies and financial markets. Concerns include a stronger dollar, higher rates, and increased uncertainty due to tariffs. Temasek plans to invest $30 billion in the U.S. over five years.
October 29, 2024 | 7:21 am
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NEGATIVE IMPACT
The Invesco QQQ Trust (QQQ) may experience increased volatility due to potential global economic uncertainty and tariffs if Trump is re-elected. Tech-heavy Nasdaq companies could be affected by international revenue exposure.
Temasek's concerns about global economic uncertainty and tariffs under a Trump presidency could negatively affect QQQ, given its tech-heavy composition and international revenue exposure.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The SPDR S&P 500 ETF Trust (SPY) could face volatility due to potential global growth slowdown and tariffs if Trump is re-elected. 25% of S&P 500 revenues come from outside the U.S., making it sensitive to global economic conditions.
Temasek's warning about a Trump re-election causing global growth slowdown and tariffs could negatively impact SPY, as 25% of S&P 500 revenues are international.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80