The Latest On The U.S. Tariffs And The Potential Implications For Investors
2025-02-03 13:05:00 ET
Summary
- U.S. President Donald Trump looks set to impose additional tariffs of 25% on Canadian and Mexican imports (with Canadian fuel imports subject to a preferential rate of 10%), and Chinese imports are set to see an additional tariff of 10%.
- Canada, Mexico, and China have signaled intentions to retaliate.
- The imposition of tariffs could create a modest one-time boost to prices and a modest drag on growth in the U.S. Meanwhile, Mexico and Canada could see elevated recession risk arising from the tariffs.
Overview
Over the weekend, many people in North America watched to see whether the legendary groundhog Punxsutawaney Phil saw his shadow. But investors are on the lookout for a different shadow: the potential economic and market impact of the new tariffs imposed by the United States.
Our team of global experts at Russell Investments have been carefully monitoring and analyzing the potential for policy changes in President Trump’s second term in office. For instance, in December 2024, our North American Chief Investment Strategist highlighted four important areas of focus : (1) tariffs, (2) immigration, (3) fiscal policy, and (4) deregulation....
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The Latest On The U.S. Tariffs And The Potential Implications For Investors
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