Could More Tax Cuts Help Consumers?
The Section 232 steel and aluminum tariffs have already led to higher input costs for several companies and some like the Coca-Cola Company (KO) have announced price hikes, citing tariffs as one of the reasons. Others like Apple (AAPL) and Walmart (WMT) have warned that they might increase prices if tariffs are imposed on Chinese goods. To be sure, Trump provided a little hope to markets by announcing a less-than-expected 10% tariff on Chinese goods last month.