media overdoes: Introduction - How the media overdoes the negativity on tariffs The drumbeat of attack from the mainstream financial media on Trump's tariffs - as Bloomberg News routinely calls them - is so one-sided that I have taken an opposite investment tack, despite the risks, which are real, according to MSNBC. As an example, here is a news report from Reuters on June 3, before the US and Mexico agreed that Mexico would do more to prevent immigration into the US, thus delaying or preventing the tariffs Mexico draws red line on asylum as Trump tariff risk risesA 5% tariff on imported goods from Mexico, which last year totaled 347 billion, according to U.S. data, would result in a potential tax increase on American businesses and consumers of 17 billion, the U.S. Chamber of Commerce estimated. Several specific stocks and investment themes relating to this point of view are discussed. It said the number would reach 86 billion should Trump's increase the duties to 25%, as threatened. They ignore the income to the Federal government, which is running giant deficits. They are accentuating the negative.
(news.financializer.com). As
reported in the news.
Tagged under media overdoes, investment tack topics.