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You are probably being hurt in more ways than you;re aware of from @RealDonaldTrump's four-front trade war (China/EU/Canada/Mexico). This can be told through the lens of just one company: Alcoa, the U.S. aluminum firm $AA /1
You are probably being hurt in more ways than you;re aware of from @RealDonaldTrump's four-front trade war (China/EU/Canada/Mexico). This can be told through the lens of just one company: Alcoa, the U.S. aluminum firm $AA /1
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Contrary to what @RealDonaldTrump says, the U.S. stock market is down this year - with shares of firms with exposed to his trade war really getting hammered. Alcoa's stock is down -31% since April, for example - wiping out billions in shareholder value (down this AM too)
Contrary to what @RealDonaldTrump says, the U.S. stock market is down this year - with shares of firms with exposed to his trade war really getting hammered. Alcoa's stock is down -31% since April, for example - wiping out billions in shareholder value (down this AM too)
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You might think Alcoa's -31% wipeout doesn't matter to you, but you probably own shares of it. Here's a partial list of big mutual fund firms - that probably manage your 401 (k) or IRA - and their ownership of Alcoa $AA. Vanguard, American Funds, etc.
You might think Alcoa's -31% wipeout doesn't matter to you, but you probably own shares of it. Here's a partial list of big mutual fund firms - that probably manage your 401 (k) or IRA - and their ownership of Alcoa $AA. Vanguard, American Funds, etc.
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On top of getting hurt by having your retirement account take a hit, you're also paying more for goods made with aluminum - everything from cars to soft drinks and countless other products. Again: this is just one commodity: aluminum
On top of getting hurt by having your retirement account take a hit, you're also paying more for goods made with aluminum - everything from cars to soft drinks and countless other products. Again: this is just one commodity: aluminum
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Much media coverage of Trump’s trade war focuses on the drama, the back-and-forth - and isn’t going deep enough in explaining to you the numerous ways that you - personally - are paying for his escalating tariff war : the cost of goods and a diminished retirement account
Much media coverage of Trump’s trade war focuses on the drama, the back-and-forth - and isn’t going deep enough in explaining to you the numerous ways that you - personally - are paying for his escalating tariff war : the cost of goods and a diminished retirement account
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And on top of the higher cost of goods and a ding to your retirement accounts, there's a broader cost for taxpayers to bear from Trump's trade war: some U.S. firms being hurt by it are beginning to lay people off or move overseas - blowback to his strategy
And on top of the higher cost of goods and a ding to your retirement accounts, there's a broader cost for taxpayers to bear from Trump's trade war: some U.S. firms being hurt by it are beginning to lay people off or move overseas - blowback to his strategy
