Within the past couple days, President Donald Trump proposed a new tariff of 10% for the $300 billion dollar Chinese imports. This new tariff will take action on September the 1st. Markets to keep a watch from this impact include the following;
000001
HSI
XJO
All of the above index's will have the most impacts.
I believe trump has made this tariff increase, in order to seek more profits and to encourage more manufacturing within the united states than China. This is only the beginning with trump mentioning that he could increase them well beyond 25%, this will impact all markets.
With the new increase on tariffs, it is to be considered that Consumer Price Indexes from the markets above WILL be affected in some way. This includes
AAPL
to increase the price of IPhones and other Apple products. This increase also impacts commodities such as gold. Car manufacturing will also be effected.
To conclude, keep an eye out for the above markets and to watch the media regarding Trump and Xi.
000001
HSI
XJO
All of the above index's will have the most impacts.
I believe trump has made this tariff increase, in order to seek more profits and to encourage more manufacturing within the united states than China. This is only the beginning with trump mentioning that he could increase them well beyond 25%, this will impact all markets.
With the new increase on tariffs, it is to be considered that Consumer Price Indexes from the markets above WILL be affected in some way. This includes
AAPL
to increase the price of IPhones and other Apple products. This increase also impacts commodities such as gold. Car manufacturing will also be effected. To conclude, keep an eye out for the above markets and to watch the media regarding Trump and Xi.