NEPC’s Head of Asset Allocation, Phillip Nelson, speaks on the the future of American tariffs as a new administration rolls in. View the article on Bloomberg’s site here.
It’s possible that Donald Trump’s latest tariff threats on Mexico and Canada are just negotiating bluster. It’s also possible that he’s serious. Either way, US manufacturers are going to get caught in the middle.
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“The president has latitude to carve out exemptions by individual product code to more specifically target Chinese manufacturers that have invested in Mexico or other areas of national priority without crippling the US supply chain,” said Phillip Nelson, head of asset allocation at NEPC, an investment consultant that oversees $1.7 trillion of assets.
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