“Tariff Talks Near Conclusion” Trump Trade Chief Says
Tariff Deal Close?
U.S. Trade Representative Jamieson Greer recently said that “we have deals that are close,” with reference to trade deal that the White House are in talks with on key trading partners. These talks as well as recently optimism are the key reasons why the S&P has recently extended its 7 day gain.
Many traders are eager to see progress and better yet a deal arise amid recently fluctuations in the market. At the same time, businesses are even more eager as operational costs have increased. For example, Snap has fallen over 10% in value, while Australia’s CSL has been negatively impacted amid tariff announcements. With the lack of clear timelines and in ability for companies to adapt to changing trade landscapes uncertainty will weigh on the S&P and likely reverse course should matters results not come to light in the near term.
Markets that will see a positive impact should news of a tariff deal arise are the Industrial, manufacturing, and automotive sectors. Specific companies within these sectors to keep a close eye on are General Motors (GM), Tesla (TSLA), General Electric (GE), and Caterpillar (CAT).
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