Bloomberg Businessweek Trump Tariffs Target Economies But Will Likely Hit US Companies
Feb 3, 2025
Gina Martin Adams, Bloomberg Intelligence's Chief U.S. Equity Strategist, discusses the pain U.S. companies may face from Trump's tariffs. Krish O’Mara Vignarajah, President of Global Refuge, shares challenges nonprofits encounter in supporting refugees amid funding cuts. Susan B. Bourgeois, Louisiana's Economic Development Secretary, sheds light on trade war implications for the state. Patrick Fruzzetti from Rose Advisors offers investment strategies to navigate market volatility, emphasizing sectors less exposed to global disruptions.
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Investing Amid Tariff Uncertainty
- Expect more volatility in the market due to various factors, including tariff policy.
- Focus on sectors less exposed to tariffs, such as financials, healthcare, and real estate.
Impact of Tariffs on Companies
- Tariffs, while targeted at economies, are ultimately paid by companies.
- U.S. companies, especially multinational ones reliant on global manufacturing, will bear the brunt of these costs.
Global Companies' Response to Tariffs
- Global companies invested in near-shoring for U.S. market access may reconsider their strategies due to tariffs.
- They might reshore to the U.S. or seek other trading partners.