Fitch Ratings has issued a stark warning about the potential economic fallout of aggressive trade tariffs proposed by former President Donald Trump should he win this year’s presidential elections.
The credit rating agency predicts that significant increases in U.S. trade tariffs, especially against China, could lead to a noticeable reduction in both U.S. and global economic output.
In a newly released report, Fitch managing director Brian Coulton outlines that “sharp increases in U.S. trade tariffs seem highly likely in the event of a second Donald Trump presidency.”
The potential for a renewed U.S.-led trade war in 2025 is growing, with Trump suggesting possible tariff hikes on Chinese goods of up to 60%, alongside an across-the-board 10% tariff on all US imports.
Economic Impact Of Trump-Led Tariffs
Fitch’s findings are stark: should the U.S. impose aggressive tariff increases, its GDP could suffer an immediate decline …
Full story available on Benzinga.com
Fitch Ratings has issued a stark warning about the potential economic fallout of aggressive trade tariffs proposed by former President Donald Trump should he win this year’s presidential elections.
The credit rating agency predicts that significant increases in U.S. trade tariffs, especially against China, could lead to a noticeable reduction in both U.S. and global economic output.
In a newly released report, Fitch managing director Brian Coulton outlines that “sharp increases in U.S. trade tariffs seem highly likely in the event of a second Donald Trump presidency.”
The potential for a renewed U.S.-led trade war in 2025 is growing, with Trump suggesting possible tariff hikes on Chinese goods of up to 60%, alongside an across-the-board 10% tariff on all US imports.
Economic Impact Of Trump-Led Tariffs
Fitch’s findings are stark: should the U.S. impose aggressive tariff increases, its GDP could suffer an immediate decline …
Full story available on Benzinga.com
Fitch Ratings has issued a stark warning about the potential economic fallout of aggressive trade tariffs proposed by former President Donald Trump should he win this year’s presidential elections.
The credit rating agency predicts that significant increases in U.S. trade tariffs, especially against China, could lead to a noticeable reduction in both U.S. and global economic output.
In a newly released report, Fitch managing director Brian Coulton outlines that “sharp increases in U.S. trade tariffs seem highly likely in the event of a second Donald Trump presidency.”
The potential for a renewed U.S.-led trade war in 2025 is growing, with Trump suggesting possible tariff hikes on Chinese goods of up to 60%, alongside an across-the-board 10% tariff on all US imports.
Economic Impact Of Trump-Led Tariffs
Fitch’s findings are stark: should the U.S. impose aggressive tariff increases, its GDP could suffer an immediate decline …Full story available on Benzinga.com Read MoreAnalyst Color, Asia, China, Donald Trump, Equities, GXC, KWEB, Macro Economic Events, Macro Notification, QQQ, SPY, tariffs, Trade, trade war, us china, US China Relations, Broad U.S. Equity ETFs, Specialty ETFs, Politics, Global, Econ #s, Top Stories, Economics, Analyst Ratings, Tech, ETFs, GXC, US78463X4007, SPY, US78462F1030, QQQ, US73935A1043, KWEB, Macro Notification, Analyst Color, Equities, Asia, Macro Economic Events, Broad U.S. Equity ETFs, Specialty ETFs, Politics, Global, Econ #s, Top Stories, Economics, Analyst Ratings, Tech, ETFs, Benzinga Macro Economic Events
