Spotlight Growth
No Result
View All Result
Thursday, July 7, 2022
  • Login
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener
No Result
View All Result
No Result
View All Result
Home Market News

Long-Term Wall Street Bull Sees Trump Tariff Implementation As Possible “Black Swan” Event For Stock Market

by admin
March 5, 2018
in Market News, Politics
0
Trump Tariffs Potential Black Swan Event News

Trump Tariffs Potential Black Swan Event News

Raymond James’ Jeffrey Saut is a noteworthy long-term bull on Wall Street. However, recent fears of a trading war has led him to suggest the Trump tariff plans could be a “black swan event” for stocks.

On March 1, 2018, President Trump revealed his plan for a 25% tariff on foreign steel and aluminum. The tariff could be implemented as early as this week. The news shook the markets, causing the Dow Jones and S&P 500 Indices to fall 3% and 2% last week, respectively. Overall, the plan is aligned with his campaign promises to shield U.S workers from the global economy.

President Trump has stated the reason for the tariff is to strike back against massive US trade deficits over the past many decades. However, the president seems to focus on the European Union initially, who he sees as a barrier to the success of U.S companies. The heated exchange came as the European Union denounced the tariffs plans and threatened to retaliate with their own set of tariffs against U.S. goods.

European car manufacturers like BMW (OTC Pink: BMWYY) and Volkswagen (OTC Pink: VLKAF) are among the companies that would suffer most from a steel and aluminum tax. The European Union shipped over 6 million cars abroad in 2016, and the U.S received over a million of them. Many of the cars are also manufactured in the U.S, and then shipped abroad. This represents billions of dollars of manufactured goods leaving the United States.

The announcement of the tariff has caused a rift among Trump’s supporters. Former Reagan official and Republican economist Larry Kudlow critiqued the president’s decision in a document released Saturday.

Kudlow notes that the tariffs help out the 140,000 people employed in the U.S. steel industry, but it comes at the cost of risking 5 million manufacturing and related jobs that rely on steel. Kudlow also notes that U.S. consumers will also take a hit.

“In fact, tariff hikes are really tax hikes. Since so many of the things American consumers buy today are made of steel of aluminum, a 25% tariff will likely get passed on to consumers at the register. This is a regressive tax on low-income families.”

Investors fear that the tariffs may ignite a global trade war, and potentially send the market plunging. Ultimately, Saut seems to think this is just a temporary setback, and earnings growth could continue to stimulate the market. Despite this, Saut has also stated “I am not going to step in here and buy a falling knife.”

Collaboration By: Frank Marino-Moore

Tags: Big Board stocksBMWCNBCcommon stockemerging growthinvestmentJeffrey SautLarry Kudlowmarket newsmicrocap stockspoliticspublic companyRaymond Jamessmall cap companiessmall cap stockssmall capsSpotlight GrowthSpotlight Growth Stockssteel and aluminumsteel tariffsTrump tariffsVolkswagenWall Street
Plugin Install : Widget Tab Post needs JNews - View Counter to be installed
  • Trending
  • Comments
  • Latest
Siyata Mobile NASDAQ SYTA SYTAW SD7 VK7 Purchase Orders Spotlight Growth

New Purchase Orders for SD7 Rugged Device, VK7, and Other Accessories Boost Siyata Mobile’s Outlook (NASDAQ: SYTA)

December 14, 2021
Telcoin TEL Crypto Spotlight Growth

Telcoin (TEL) Quietly Leads a Crypto Remittance Revolution

June 15, 2021
Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

Decentraland (MANA) is the Proof of Concept for the Emerging Metaverse

November 22, 2021
Alfi NASDAQ ALF Ridesharing Tablet Rollout Spotlight Growth

Alfi, Inc. (NASDAQ: ALF) Climbs 51% After Entering Into Agreement with Miami-Based Fulfillment & Distribution Center For its Ridesharing Digital Tablet Rollout

June 15, 2021
Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

Cybersecurity Stocks Coming Into Focus Amid High-Profile Attacks

0
Safe-T SFET NASDAQ UN Presentation

Safe-T (NASDAQ: SFET) Has Been Selected to Present at the United Nations’ Office of Information and Communications Technology Event

0
Safe-T Group SFET Q4 FY 2020 Financial Results

Safe-T Group (NASDAQ: SFET) Reports Fourth Quarter and Full Year 2020 Financial Results

0
Safe-T Group NASDAQ SFET FY 2020 Prelim

Safe-T Group Ltd. (NASDAQ: SFET) Estimates Record-High Annual Revenues of Approximately $4.9 Million Representing ~50% Growth YoY 2020

0
Waitr NASDAQ WRTH 7 Eleven Delivery Spotlight Growth

Waitr Holdings (NASDAQ: WTRH) Expands Delivery Reach with New National Collaboration with 7-Eleven

July 6, 2022
Resolute Paper Products NYSE RFP Paper Excellence Group Takeover Spotlight Growth

Resolute Forest Products (NYSE: RFP) Enters into Agreement to be Acquired by Paper Excellence Group for $2.7 Billion

July 6, 2022
Inspira Technologies NASDAQ IINN Hyla Blood Sensor Spotlight Growth

Inspira Technologies (NASDAQ: IINN) Unveils Non-Invasive Blood Sensor that Provides Real-Time Changes in Patients

July 6, 2022
5 Micro-Cap Stocks That Are the Best Performers Through the First Half of 2022 Spotlight Growth

5 Best Performing Micro-Cap Stocks Through the First Half of 2022

July 5, 2022

Recent News

Waitr NASDAQ WRTH 7 Eleven Delivery Spotlight Growth

Waitr Holdings (NASDAQ: WTRH) Expands Delivery Reach with New National Collaboration with 7-Eleven

July 6, 2022
Resolute Paper Products NYSE RFP Paper Excellence Group Takeover Spotlight Growth

Resolute Forest Products (NYSE: RFP) Enters into Agreement to be Acquired by Paper Excellence Group for $2.7 Billion

July 6, 2022

Categories

  • Bio/Med/Pharma
  • Cannabis
  • Commodities
  • Consumer Goods
  • Crowdfunding
  • Crypto Cheat Sheets
  • Cryptocurrency
  • Earnings
  • Entertainment
  • Financials
  • Market News
  • Opinion
  • Politics
  • Real Estate
  • Split Watch
  • Sponsored
  • Store
  • Technology
  • Uncategorized
  • Venture Capital/Private Equity (VC/PE)

Site Navigation

  • Disclosures
  • Terms Of Service
  • Privacy Policy
  • Contact Us
Spotlight Growth

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

No Result
View All Result
  • Home
  • News
    • Bio/Med/Pharma
    • Cannabis
    • Commodities
    • Consumer Goods
    • Crowdfunding
    • Cryptocurrency
    • Crypto Cheat Sheets
    • Earnings
    • Entertainment
    • Financials
    • Market News
    • Opinion
    • Politics
    • Technology
    • Venture Capital/Private Equity (VC/PE)
  • Video
  • Stock and Crypto Screener

Copyright © 2021 Spotlight Growth. All Right Reserved. Designed by Cool Cat Interactive.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Newsletter Signup

Subscribe to our weekly newsletter below and never miss the latest small/micro-cap analysis and investment news from Spotlight Growth.

Enter your email address

Thanks, I’m not interested