ChainCatcher news, Citigroup analysts released a report stating that the tariffs proposed by Trump could reduce the earnings of the S&P 500 index by several percentage points.

They emphasized that the market has not fully absorbed this risk, especially with the new tariffs targeting China, Canada, and Mexico. Industries with higher trade risk, including energy exports from Canada, are expected to be affected.

Tariffs could lower the earnings of the S&P 500 index by 2025 and significantly impact profit margins. However, past tariff reliefs suggest that there may be leniency, and the market is now shifting its focus from the elections to policy uncertainty.