The impact of the latest proposed US tariffs on industry sectors, in one chart

industrial manufacturing, factory work jobsBill Pugliano/Getty Images

  • US stocks fell heavily on Wednesday, like other markets around the world.
  • JP Morgan Asset Management has looked at the US sectors most exposed to price increases should the latest round of proposed US tariffs be implemented.
  • It says the overall impact on the US economy is likely to be small in comparison to trade negotiations on autos and NAFTA currently underway.

After largely dismissing the introduction of tariffs on $ US34 billion worth of Chinese imports late last week, US stocks, like others around the world, were roiled on Wednesday as the Trump administration announced an additional list of $ US200 billion in Chinese imports that could soon attract tariffs of 10%.

The S&P 500 fell 0.71% with all sectors aside from utilities losing between 0.35% to 2.17%.

See the rest of the story at Business Insider

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of and Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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