Analysts: The actual tariff rate in the United States may be between 17%-18%, but the stock market is expected to have limited rise.

GoldenOctober2024
AMP-1,76%

Jin10 data reported on August 1st, AMP Chief Investment Officer Shane Oliver stated that according to the latest announced news, the actual tariff rate in the United States may be between 17% and 18%, which is lower than the approximately 30% level on “Liberation Day.” Oliver mentioned that although this is good news for the stock market and some uncertainties have dissipated, the rise will still be limited. Oliver said: “The question is, the market has already rebounded close to the ATH. But the reality is that we will still see higher tariffs than before ‘Liberation Day,’ and in the coming months, we will begin to see the economic impact of these tariffs. Currently, negotiations with Mexico have been delayed by another 90 days, and details regarding tariffs in various industries have yet to be announced.”

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