#TrumpTariffs
Potential Economic Impacts
Consumer Prices: JPMorgan estimates +3% inflation spike in 2026 if all tariffs enacted.
Supply Chains:
Vietnam/Mexico benefit from "China+1" rush.
US automakers at risk (rely on Chinese battery parts).
Stock Market Sectors:
Winners: US steelmakers (NUE), defense (LMT), oil (XOM).
Losers: Retail (WMT), tech (AAPL), EVs (TSLA).