China / Business / US tariffs / Trump administration / Trade dispute / China tariffs / Business Insider Australia / BI International

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

Posted On: Jul 12, 2018   |   Posted By: Business Insider

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...

Continue reading ...

 






The last Posts from Business Insider



Welcome to Georgia

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 ...

Indigo aircraft suffers tyre burst, makes emergency landing at Ahmedabad

Indigo aircraft suffers tyre burst, makes emergency landing at Ahmedabad

An IndiGo aircraft that was carrying 185 passengers made an emergency landing here Wednesday after suffering a tyre burst, according to an airport official. Read more ...

3 children and 3 adults wounded in early-morning knife attack at New York...

3 children and 3 adults wounded in early-morning knife attack at New York day care center

FOX 5 News Six people, including three children, are in New York hospitals with knife wounds, after an incident at a daycare in Queens at 3:40 a.m. on Friday morning. Police... Read more ...

Prince Harry got caught 'stealing' food at Meghan Markle's charity cookbook...

Prince Harry got caught 'stealing' food at Meghan Markle's charity cookbook launch, and he shot cameras a guilty smile

Ben Stansall / WPA Pool / Getty Images Meghan Markle , her mother, Doria Ragland , and Prince Harry attended a launch event for Markle's first solo charity endeavour since... Read more ...

A senior Deutsche Bank banker told management the bank should break itself up

A senior Deutsche Bank banker told management the bank should break itself up

Thomas Lohnes/Getty Images Deutsche Bank's former head of M&A in America presented a plan to break-up the bank to Deutsche Bank's CFO in April. The plan involved spinning out... Read more ...

Delta flight makes emergency landing as smoke emanates from brakes

Delta flight makes emergency landing as smoke emanates from brakes

A Delta Airlines flight made an emergency landing Thursday morning at John F. Kennedy International Airport. Smoke could be seen coming from the brakes as it arrived. Delta... Read more ...

Instagram's new TV service recommended videos of potential child abuse

Instagram's new TV service recommended videos of potential child abuse

Instagram; Samantha Lee/Business Insider Exclusive: Instagram's new TV service, IGTV, recommended videos of what appeared to be child exploitation and genital mutilation, a... Read more ...

UNESCO aims Chinese visitors with heritage European itinerary

UNESCO aims Chinese visitors with heritage European itinerary

The EU-China Year of Tourism is coming to close. However, that does not mean that the European Union is done with high-profile promotional initiations. The latest campaign... Read more ...

Nepal tourism sees 18.8% visitor growth in international arrivals

Nepal tourism sees 18.8% visitor growth in international arrivals

The Nepal Tourism Board Management can relax and should actually feel proud of their tireless work. A growth of 18.8% has been witnessed in international visitor arrivals to... Read more ...

Brett Kavanaugh is underwater in a new NBC/Wall Street Journal poll as a...

Brett Kavanaugh is underwater in a new NBC/Wall Street Journal poll as a sexual assault claim hangs over his Supreme Court confirmation

Win McNamee/Getty Images Brett Kavanaugh has been losing steam among voters in recent days, according to a new NBC News/Wall Street Journal poll . The survey said 38% percent... Read more ...

Amazon just introduced a new $50 Alexa gadget that can make any car smarter

Amazon just introduced a new $50 Alexa gadget that can make any car smarter

Amazon Amazon created a new Alexa device that can make any car smarter. The Echo Auto is a miniature smart speaker that mounts on your dashboard. The device is... Read more ...