Analyst who predicted 2024 stock market rally offers blunt post 'Liberation Day' forecast
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A debate is raging among Americans over tariffs.
Those who oppose them argue that tariffs are mistakes that could lead to a collapse in consumer spending, triggering a recession. Others see tariffs as the perfect tool for restoring U.S. manufacturing dominance.
Ultimately, whether tariffs are good or bad may vary dramatically by industry. For example, it could be easier for technology companies, such as semiconductor makers, to onshore American production than paper and apparel manufacturers, given much of the latter’s previous infrastructure has long since been shuttered.
Regardless, most agree tariffs are inflationary and likely to crimp corporate profits, making them a potential threat to our already strained economy.
