President-elect Donald Trump threatens larger tariffs for Canada, Mexico, and China, sparking some market volatility. NewEdge Wealth head of portfolio strategy Brian Nick joins Seana Smith and Brad Smith on Morning Brief to discuss the market impact of Trump’s proposed tariffs. “There’s two questions here. One is what would be the impact of these tariffs if they were implemented. And then second, what’s the probability that these tariffs are going to go forward as announced?” Nick says, noting, “It’s going to take some time.” “I think the markets are able to look through this expecting that, maybe, in kind of a broad-based sense, there’s not going to be quite as severe a tariff put on, especially Canada and Mexico, as the announcement. But I think if you’re a company, an individual firm that relies on imports from these countries, these very, very large trading partners that we have, you probably have to start reacting now. You can’t afford to wait and assume this isn’t actually going to happen. So, it makes sense that you see the price reaction in the car manufacturers. There’s so much back and forth,” the strategist tells Yahoo Finance. Nick highlights the auto industry being impacted by tariffs on Canada and Mexico. “It’s insanely disruptive to have this uncertainty hanging over, and you may see stockpiling of parts component parts, big businesses, but also small businesses that have to pull forward some of their purchases into Q4 because they don’t want to wait to see how expensive it might be in Q1.” He says the impacts of stockpiling would be Gross Domestic Product (GDP) being higher in the fourth quarter, with the following quarter being weaker, as well as a demand spike during this period.
#youtube #stocks #news
About Yahoo Finance:
Yahoo Finance provides free stock ticker data, up-to-date news, portfolio management resources, comprehensive market data, advanced tools, and more information to help you manage your financial life.
– Get the latest news and data at finance.yahoo.com
– Download the Yahoo Finance app on Apple (https://apple.co/3Rten0R) or Android (https://bit.ly/3t8UnXO)
– Follow Yahoo Finance on social:
X: http://twitter.com/YahooFinance
Instagram: https://www.instagram.com/yahoofinance/?hl=en
TikTok: https://www.tiktok.com/@yahoofinance?lang=en
Facebook: https://www.facebook.com/yahoofinance/
LinkedIn: https://www.linkedin.com/company/yahoo-finance
source
:max_bytes(150000):strip_icc()/Health-GettyImages-1481471098-d8e784090b424579a17199bab6033340.jpg?w=120&resize=120,86&ssl=1 "rewrite this title How much protein do men really need each day?")
