President Donald Trump’s tariffs on China may cost the average American household hundreds of dollars.
New York Fed economists think the annual cost jumped to $831 this year from $419 from the last round of tariffs last year. They added that “higher tariffs are likely to create large economic distortions and reduce U.S. tariff revenues.”
The tariffs on Chinese goods that went into effect on May 10 — from 10% to 25%. The jump added a tax burden - how much additional money purchases of imports are costing as well as a so-called deadweight loss - meaning companies have to rely on less efficient sources for goods.
CHN saw its Moving Average Convergence Divergence Histogram (MACD) turn negative on July 18, 2024. This is a bearish signal that suggests the stock could decline going forward. Tickeron's A.I.dvisor looked at 43 instances where the indicator turned negative. In of the 43 cases the stock moved lower in the days that followed. This puts the odds of a downward move at .
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