Reported about 21 hours ago
As speculation surrounds President-elect Donald Trump's proposed tariffs, strategist Jeffrey Kleintop suggests that the actual tariffs will likely be much lower than the 60% on Chinese goods he campaigned on. While Trump's statements could potentially raise the average US tariff to 26%, Kleintop believes the final policies will result in a modest increase of about 5%. He advises investors to diversify away from heavily tech-focused investments and consider sectors like financials outside the US.
Source: YAHOO