Goldman Sachs warns of potential impact of tariffs on US companies as election nears.

From Investing.com: 2024-06-22 06:13:32

Goldman Sachs warns of potential impact of tariffs on US companies with international revenue exposure as election nears. The investment bank notes possible retaliatory tariffs and geopolitical tensions could hinder stock performance. Companies relying on international suppliers may also face challenges if tariffs are implemented.

Prediction markets favor Trump over Biden presidency, indicating higher odds of tariff increases under Trump. Uncertainty surrounds tariff size and scope, but likely if Trump wins. US election outcome to affect US dollar and performance of domestic versus international companies.

In 2018, domestic sales outperformed international sales by 9 percentage points after US-China trade barriers. Goldman Sachs advises investors to closely monitor election developments and track stocks of firms with significant international exposure. Vigilance is key amidst election uncertainties.



Read more at Investing.com: Tariffs is the election-relation risk to US stocks: Goldman Sachs By Investing.com