HomeMarketsU.S. EconomyTariffs Could Slow Global Growth; Social Impacts Hit Tourism

Tariffs Could Slow Global Growth; Social Impacts Hit Tourism

Jeffrey Kleintop discusses the different paths tariffs could take tomorrow: broad brush vs specific strokes. He emphasizes that tariffs hurt everyone and could slow global growth, though he thinks Europe could stay a relative winner. He charts domestic-focused vs international-focused company performances, with domestic showing clear outperformance across the world. He also discusses the social impacts of trade war: a substantial drop in tourism that “could show up in GDP.”

Morning Trade Live

01 Apr 2025

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