Trump tariffs could hurt S&P 500 earnings by ‘few percentage points’- Citi
Investing.com-- Citi analysts warned that increased trade tariffs under President-elect Donald Trump had the potential to dent corporate earnings, and that the broader market had still not priced in this risk.
U.S. sectors with heavy exposure to Canada and Mexico, or even global trade, are likely to be sensitive to increased trade tariffs. Canada’s energy exports to the U.S. are also expected to be impacted, with a Reuters report this week stating that Trump will not exclude energy imports from his planned tariffs.Still, the brokerage noted that a large number of corporations were granted relief from the tariffs during Trump’s first term.
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