Reported about 22 hours ago
The U.S. stock market celebrated Donald Trump's 2024 election victory, but uncertainties loom due to his threats of imposing tariffs on major trading partners, which could negatively impact corporate earnings and economic growth. Analysts predict potential declines in specific sectors and an uptick in inflation, raising concerns about the long-term implications if tariffs are fully enacted. While the market initially shrugged off tariff fears, the effects of retaliatory actions and Trump's shift in economic strategies could significantly reshape future market dynamics.
Source: YAHOO