Even before Trump enters the White House, investors are already living in his world.
This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe"gradually" to"a more neutral stance," minutes of the Fed's November meeting showed.
Most recently, Trump announced he would raise tariffs by an additional 10% on Chinese goods entering the U.S., and new tariffs of 25% on those from Mexico and Canada. Those three countries alone account for 43% of U.S. goods imports, "The truth is that the drag from tariffs on growth is likely to outweigh tax cuts on the forecast horizon," said Gregory Daco, chief economist at EY-Parthenon.because virtually all with a presence in the U.S. manufacture vehicles and parts in Mexico — 26% of auto imports into the U.S. are from Mexico, reported UBS. Shares of automakers
"Markets have become a lot more comfortable with the prospects of these tariffs being more bluster and more negotiating tactics than actual implementation," Jamie Cox, managing partner at Harris Financial, said. Posturing or not, it's likely Trump's proposed policies will sway the markets in the foreseeable future.
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