Bet On Low-Risk ETFs For A Historically Worst September
Zacks Investment Research | Sep 04, 2019 10:59PM ET
After a brutal August, Wall Street is expected to continue its sluggish trend, given the persistent headwinds, especially trade gyrations, and a historically weak month
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Trade between the United States and China remained an overhang on the stocks. Both the countries have implemented their latest tariff increases on each other’s goods effective Sep 1. The Trump administration raised tariffs from 10% to 15% on $112 billion worth of Chinese goods including footwear, apparel and Apple (NASDAQ:AAPL) Watches, while China imposed retaliatory tariffs on some goods from the United States, including pork, beef, chicken and agricultural goods, on its $75 billion target list.
Trump plans to levy duties on further $160 billion in Chinese products such as laptops and cellphones in mid-December. China plans to ramp up tariffs on soybeans to 30% from 25% in mid-December. Though the trade representatives from the world's two biggest economies are expected to resume talks next month, tariff hike will hurt U.S. consumers, pushing up the prices of goods and thereby curtailing spending. It will further impact worldwide economy and corporate profits, particularly at big U.S. exporters (read: Zacks Investment Research
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