Citigroup Analyst: Trump's Tariff Measures Will Cause S&P 500 to Drop by Several Percentage Points

BlockBeats News, November 27th, according to Bloomberg Terminal data, Citigroup analysts released a report stating that Trump's proposed tariffs could reduce the S&P 500 index's earnings by several percentage points. They emphasized that the market has not fully digested this risk, especially regarding new tariffs on China, Canada, and Mexico. Industries expected to be most affected by the trade risk include Canada's energy exports. The tariffs could lower the S&P 500 index's earnings by 2025 and significantly impact profit margins. However, past tariff exemptions suggest a possibility of leniency, and the market is now shifting its focus from the election to policy uncertainty.