The impact of the latest proposed US tariffs on industry sectors, in one chart
Bill 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 NOW WATCH: What happens when you hold in your pee for too long See Also: China's latest inflation report points to upward pressure on prices around the world China vows to fight...
The last Posts from Business Insider
- A California lawmaker has proposed lanes with no speed limit on two of the state's busiest highways
- Twitter is the most popular social media platform for members of Congress - but prominent Democrats tweet more often and have larger followings than Republicans
- 17 of Karl Lagerfeld's most iconic and controversial quotes
- Walmart beats as online sales surge
- An Air France passenger says a flight attendant offered to move her seat and 'just shrugged' when a man took off his pants mid-air
- Amy Klobuchar says she doesn't support free four-year college and called the Green New Deal and Medicare for All 'aspirations'
- Kim Kardashian shoots down a conspiracy that she is in cahoots with Fashion Nova after the fast-fashion brand debuted a knock-off of her vintage gown
- Bernie Sanders would be the oldest president in US history
- All of the essential phones and gadgets that are actually worth your money in 2019
- North Carolina's elections director says there is evidence of significant voter fraud that helped a GOP candidate win
- Trump urges Venezuela's military to back its self-declared interim president, saying socialism has ravaged the country
- 7 details you may have missed on Sunday's 'The Walking Dead'
- UK reportedly concludes it can mitigate risks associated with the use of Huawei equipment in 5G networks
- Gunman who killed 5 coworkers in Aurora, Illinois, previously had his firearm permit revoked, but his gun wasn't taken away
- 10 things in tech you need to know today
- This US tech start-up helped a maker of football helmets tap investors with new VC funding platform
- Facebook accused of acting like 'digital gangsters' in a devastating report by lawmakers
- R. Kelly facing potential criminal charges over sex tape after a secret grand jury convened in Chicago
- LeBron James had a great answer for why he doesn't talk about his NBA career with his kids
- New York City Mayor Bill de Blasio slammed Amazon for canceling its HQ2 project, calling it 'an abuse of corporate power'
Welcome to Georgia
Georgia – Tbilisi has been the capital city since the fifth century, the country of one of the most ancient histories and cultures in the world. Its special geographical... Read more ...
An Air France passenger says a flight attendant offered to move her seat and...
Matej Kastelic/Shutterstock On February 18, an Air France passenger named Lizzie Thompson took to Twitter after she said that a man on her flight from Paris, France, to Los... Read more ...
Idea crafted to lure more international tourists
Forget about traditional shopping for lace, pottery and jewellery. If Fáilte Ireland has its way, visitors will soon be finding out how to make their own. The agency is all set... Read more ...
What Do You Want to Know About the 2020 Toyota Corolla Manual and Hybrid?
Want a six-speed manual sedan that's not wildly expensive? The 2020 Toyota Corolla is still, somehow, here for you. I'm driving one here in Savannah, Georgia, as well as the... Read more ...
United Airlines to Present at Barclays Industrial Select Conference 2019
United Airlines will present at Barclays Industrial Select Conference on Wednesday, February 20. United Airlines' Vice President of Pricing and Revenue Management Dave Bartels... Read more ...
Turkey is now a preferred destination for medical tourism
Medical tourism Turkey has recently made significant investments in health tourism, especially in city hospitals and thermal facilities, and has become a focus of foreign... Read more ...
Abu Dhabi National Hotels eyes more acquisitions following $600m Emaar hotel...
Abu Dhabi National Hotels is looking to acquire hotels in emirates across the UAE following its acquisition of five Emaar Hospitality Group hotels in a $600 million deal in... Read more ...
Many destinations are now thinking of introducing tourist tax
Countries and cities have often tried to encourage tourism, understanding the fact that visitors and the money they spend fosters economic development. However, in this age of... Read more ...
Chinese tourists choose Italy for Lunar New Year holiday
Italy is blessed to have so many iconic travel spots - Venice, Florence, the Amalfi Coast, and the Sistine Chapel in Rome; no wonder it continues to attract record numbers of... Read more ...
Travel and tourism industry has the potential to create millions of jobs
Travel and tourism is a high-growth industry having the potential to create millions of jobs and boost employment prospects. The WTTC has said that travel and tourism in India... Read more ...
Australian tourism experiences a major growth as same-sex marriage destination
Same-sex couples from foreign countries are rushing to Australia to get hitched, beguiled by the natural beauty and marriage equality laws. The world gay travel market is... Read more ...