The Tariff Man Cometh... And Go-Eth?
Source: SeekingAlpha
2025-02-10 07:44:00 ET
Summary
- While there is still much to be negotiated and uncertainty remains, the biggest trade war in 90 years might be over before the first shots were even fired.
- The original order applied a 25% tariff on goods coming from Mexico; a 25% tariff on Canadian goods aside from energy products, which would be taxed at 10%; and a 10% tariff on goods from China.
- Estimates of the hit to growth and the increase in inflation vary widely, but we believe these tariffs could cut U.S. GDP by 0.5-1.0 percentage points and raise core inflation by 0.5 percentage points, annually.
By Joseph V. Amato
Are these levies just a negotiating tool, or an unorthodox revenue-raising scheme? The answer could determine how seriously investors should view them....
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The Tariff Man Cometh... And Go-Eth?
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