CoinVoice has recently learned that Citigroup analysts released a report stating that the proposed tariffs 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 regarding new tariffs on China, Canada, and Mexico. Industries with higher trade risks, including energy exports from Canada, are expected to be affected.
Tariffs may reduce the earnings of the S&P 500 index by 2025 and significantly impact profit margins. However, past tariff reductions suggest that there may be leniency, and the market is now shifting its focus from the elections to policy uncertainty. [Original link]