Inside the Economy: New Tariffs, S&P 500, and Trade Issues
Description
This week on Inside the Economy, we take a closer look at the impact of new tariffs, the S&P 500, and ongoing trade issues—particularly with China. Revenue from customs duties, commonly referred to as tariffs, has reached an all-time high since record-keeping began. While this revenue may soon peak and begin to decline, it is not projected to disappear entirely. In which countries or industries could tariffs remain elevated? Turning to markets and the S&P 500, earnings and revenues are not setting records, but healthcare and other sectors have been trending upward. Why are industrials moving lower? Could the market currently be in oversold territory? Trade tensions also continue to escalate, particularly between the U.S. and China. How does China’s dependence on exports with the U.S. compare with that of other trading partners. Tune in to learn more!
Key Takeaways:
- New Orders for Durable Goods up 9.1%
- Custom Duties reach $15B in revenue in April
- Manufacturing Production Output index at 101.1 in March
United States
