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U.S. stock market experiences 10% correction by end of 2024 due to tariff concerns?
3
Resolution / Starting Odds
Yes • 50%
No • 50%
Major U.S. stock index reports such as S&P 500 or Dow Jones Industrial Average
Story
U.S. Companies Stockpile Amid 13% Surge in China Exports to Mitigate Trump Tariffs Impact
Nov 20, 2024, 01:40 PM
American companies are preparing for the impact of potential new tariffs on Chinese goods by Donald Trump by stockpiling inventory, raising prices, and accelerating the shift of manufacturing to other locations, according to the Wall Street Journal. This strategy comes in response to the anticipated increase in tariffs, with businesses aiming to mitigate the effects on their supply chains and costs. The move has already led to a surge in exports from China, with outbound shipments rising nearly 13% in October from a year earlier, surpassing expectations.
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