Wall Street firms warn of potential S&P 500 correction after Trump tariffs take effect
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最新报道：According to Bijie.com, Trump's new reciprocal tariffs took effect at 12:00 PM on August 7th. Wall Street institutions are sounding the alarm. Morgan Stanley, Deutsche Bank, and Evercore ISI have all warned of a potential S&P 500 correction. This warning comes amid growing concerns about the US economy, with data from last week showing rising inflation, while job growth and consumer spending are showing signs of slowing. A recent poll shows that 62% of voters oppose Trump's tariff policy, 58% oppose his tax reform and spending bills, and 55% are dissatisfied with his economic management. There are also questions about the sustainability of Trump's plan, as his use of emergency powers to impose tariffs on specific countries is facing court challenges. He is instead relying on more legally sound authorities to impose tariffs on specific industries, such as autos and metals. Professor Tim Meyer, a trade expert at Duke University Law School, noted that the administration is trying to create the illusion that the tariff cycle is nearing its end, but "the legal basis for this is seriously flawed." Trump has insisted his measures will usher in a new economic golden age and has dismissed data that disagrees with his narrative, firing the head of the statistics agency that released the latest jobs data.
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