The Impact of Trump election win – sources gathered by Patricia Dent:

https://drive.google.com/file/d/1n2BnM58GGrdzyx5vTl_X14764IysyTcn/view?usp=sharing

  • Chief Economist from ScotiaBank, Jean-François Perrault presentation November 5th (see webinar link above)
  • Report from National Bank, see link below
  • News reports: CNN, see below

National Bank article: https://www.nbc.ca/content/dam/bnc/taux-analyses/analyse-eco/geo-bref/geopolitical-briefing-241106.pdf

CNN Report, November 8, 2024: Impact of Trump tarifs

  • National Retail Federation reported that prices will increase on toys, clothing, household appliance costs: have said the impact will include double-digit % price increases in most retail categories; an example: a $50 pair of sneakers could rise to between $59-$64 a pair and Americans would pay up to $24B for apparel each year.
  • Footwear company Steve Madden is changing production sites from China (which had avoided the high costs of doing production in the US, and gained the ability to respond to fashion changes). Instead of China they will produce footwear in Cambodia, Vietnam, Brazil and Mexico.
  • Peterson Institiute: estimates that household costs will raise $2600 as a result of the Trump victory

The longer version is available to our ACESS members (the GV membership). If you are curious – please contact me: patricia@growvantage.com

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