Tariff Effects on Markets?
Asian markets were down after the Trump Administration announced the tariffs they plan to impose (25% on steel, 10% on aluminum). I can confidently say that the effect politics have on markets has been decreasing over the years, however this one is different. This decision can and will effect the markets overseas and in the US. But how?
The only thing I think about when I hear the word tariff is US consumers paying higher prices. I do not think that it will help the everyday citizen (as well as the country and markets). Does anyone think this would actually help the economy and US trade negotiations? Or is this doomed from the start?
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