PHILADELPHIA—Nationally syndicated host and biblical investing authority Dan Celia is pointing to trade tariffs today and how they could impact the American economy and Trump’s 2020 hopes.
Celia discusses these and other global and economic headlines on his daily, three-hour “Financial Issues” program, heard on about 650 television and radio stations nationwide.
“As trade negotiations continue, we could possibly start another round with Mexico,” Celia said. “There are some deep concerns by analysts who continue to warn about the damage that imposing tariffs on Mexican goods will or could inflict on markets. It certainly is going to inflict some damage on the markets if nothing else because of knee-jerk reactions, but it’s the U.S. economy we should be concerned about and in my opinion—these tariffs—once they get over 10%, they certainly could inflict some damage on the U.S. economy—especially on the auto sector and agricultural sector. Two sectors that President Trump needs to get reelected. My perspective: We should be concerned about President Trump’s reelection hopes if these tariffs continue and that is a huge concern for the future of the economy of the United States.”
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